Matrix Capital Markets Group, an independent investment bank, advised Singer Energy Group and its affiliates, d/b/a Robison, on the sale of its integrated heating oil distribution and HVAC services business to an affiliate of Star Group.
Matrix provided merger and acquisition advisory services to Robison, which included valuation advisory, marketing the business through a confidential, structured sale process and negotiation of the sale. The transaction was managed by Stephen Lynch, managing director; Spencer Cavalier, co-head of Matrix’s downstream energy and convenience retail investment banking group; James Mickelinc, associate; and Reilly Erhardt, senior analyst.
“The anticipated anxiety of selecting the right stewards to help guide us through this turning point in our family and company’s history was immediately relieved once I met Spencer, Stephen and the rest of Matrix team,” Daniel Singer, president and CEO of Robison, said. “Matrix brought precisely the right balance of a true investment bank with deep knowledge and contacts within the financial markets, along with unsurpassed industry insights and personal attention that allowed us to reach all of our desired transaction goals. As I and the rest of the Robison leadership team turn our collective attention to our next chapter, we could not be happier with the warm welcome and experienced leadership we have all encountered with Star Group’s team of professionals.”
“We are grateful to have worked with Robison to honor the rich legacy created by both the Robison and Singer families,” Lynch said. “The company’s commitment to its customers in Westchester and Putnam counties is unwavering, and we fully believe that Star Group will continue to build upon what the company has already accomplished. We are very thankful to have been given the opportunity to serve as the advisor to Robison on this transaction.”
Joel Lever, Joel Goldschmidt, Caroline Keegan and Jillian Anzalone of Kurzman, Eisenberg, Corbin, & Lever served as legal counsel for Robison. Star Group was represented by Karen Murphy and Harrison Kaufman of Bressler, Amery, & Ross.
