Matrix Capital Markets Group has closed on the sale of District Petroleum Products & Related Entities to an affiliate of Dunne Manning.

District Petroleum, headquartered in Huron, OH, owns and operates 22 Hy-Miler convenience stores and distributes and transports motor fuels to branded dealers and marinas throughout Ohio.

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

The transaction was co-managed by Spencer Cavalier, managing director and Thomas Kelso, managing director and head of the Downstream Energy & Retail team. Sean Dooley, vice president, and Christian Klawunder, associate, also advised on the transaction.

Russell Rosler, Frank Zonars, Kristin Watt and Theodore Smith of Vorys, Sater, Seymour and Pease, served as legal counsel for District Petroleum.

Matrix’s Downstream Energy & Retail Group provides advisory services to companies in the downstream energy and multi-site retail sectors including propane distribution, heating oil distribution, lubricants distribution, petroleum transportation & logistics, petroleum storage, oilfield services, renewable fuels, food service and specialty retail.