The Downstream Energy & Retail Group of Matrix Capital Markets Group (DER Group) successfully advised on 18 M&A transactions that closed during the year 2015.

The clients the DER Group advised included public companies, multi-generational privately-held companies and a foundation including: Warren Equities, Tedeschi Food Shops, Pester Marketing Company, Erickson Oil Products, Biscayne Petroleum, Everglades Petroleum and Kocolene Marketing.

There were 17 different buyers in these transactions, including Global Partners, Petroleum Marketing Group, 7-Eleven, CrossAmerica Partners, TravelCenters of America, Sunoco, Quality Oil and World Fuel Services.

In addition to these transactions, the 12 investment bankers in the DER Group, who are solely dedicated to advising companies in these industries, managed a number of other confidential valuation and corporate advisory assignments.

Thomas Kelso, managing director and head of Matrix’s Downstream Energy and Retail Group said, “We congratulate all of our clients on their successes which, in many cases, represent the work of multiple generations. We thank them for the confidence and trust they had in our DER Group when they chose to exit the industry, and we wish them all well in their next endeavors.”

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

Richmond, VA-based Matrix Capital Markets Group is an independent, advisory focused, privately-held investment bank with additional offices in Baltimore and Chicago.