Matrix Facilitates Mutual Oil Contract Dealer Business Sale
Matrix Capital Markets Group announced the successful sale of Mutual Oil Company’s branded, contract dealer business, comprised of over 150 dealer supply contracts, structured agreements and transportation fleet.
The dealer supply contracts and structured agreements have been sold to an undisclosed purchaser. Mutual’s transportation business, comprised of 22 transports, was also sold to an undisclosed purchaser.
The sale of Mutual’s branded dealer and transportation business was conducted through a structured sale process and there was a simultaneous closing.
Matrix provided merger and acquisition advisory services to Mutual, which included valuation advisory, transaction structuring, marketing and negotiating. The transaction was co-managed by Thomas Kelso, managing director and head of the Downstream Energy & Retail Group, and Spencer
Cavalier, managing director. Sean Dooley, senior associate, and Andrew LoPresti, senior analyst, also advised on the transaction.