Matrix Capital Markets Group successfully closed the sale of the contract dealer business owned by Harbor Petroleum of New England to SEI Fuel Services, a wholly owned subsidiary of 7-Eleven. The company, headquartered in Naugatuck, CT, owns and operates convenience stores and supplies fuels throughout Connecticut.

Matrix provided merger and acquisition advisory services to Harbor Petroleum on the divestiture, which included valuation advisory, marketing of the assets through a customized, confidential, structured sale process and negotiation of the transaction.

John Baker, owner of Harbor Petroleum, said, “During the entire sales process, the analysts and individuals that represent Matrix were professional in every manner. I firmly believe that our company obtained not only the broadest regional coverage exposure possible but a representative national exposure to qualified buyers as well.”