Matrix Capital Markets Group advised C&J Cox and its affiliates on the sale of select convenience retail assets to Anabi Oil. The transaction closed on Nov.12.
“The Cox family built one of the most admired convenience store networks in Northern California, and we consider it a privilege to continue that legacy,” Sam Anabi said. “Our focus is to preserve the level of quality their customers have trusted for decades. Because these sites were already operated with such discipline and pride, the transition has been exceptionally smooth: strong teams remain in place and service continues uninterrupted. We are proud to welcome these stores into our family.”
Matrix provided merger and acquisition advisory services to Cox, which included valuation advisory, marketing the business through a confidential, structured sale process and negotiation of the sale. The transaction was managed by Vance Saunders, managing director; Andrew LoPresti, director; Michael Tucker, vice president; and William Dickinson, analyst.
Saunders commented, “Carl and his team built an exceptional business over the years. These stores are some of the highest quality assets in their markets due to Cox’s unwavering commitment to providing customers with the best experience possible. We’re honored to have had the opportunity to assist Carl and his family with this transaction. We’re also very grateful for the efforts of Don Maday of Maday Consulting in his role as project manager for Cox.”
Otto Konrad of Williams Mullen served as legal counsel for Cox. Fred Whitaker and Ashley Bolduc of Cummins & White served as legal counsel for Anabi.
