Matrix Capital Markets Group advised Pri Mar Petroleum on the sale of its petroleum marketing and convenience retail business to Blarney Castle Oil and its delivered fuels and lubricants business to Merle Boes.
Matrix provided merger and acquisition advisory services to the company, which included valuation advisory, marketing the businesses through confidential, structured sale processes and negotiation of the transactions. The transactions were managed by Vance Saunders, managing director, and Kyle Tipping, vice president.
“On behalf of our employees with Pri Mar Petroleum and the Marzke Family, we are very pleased with the Matrix team and how they handled everything for us on the sale of our business,” Kurt Marzke, CEO of Pri Mar, said. “We would highly recommend their services to anyone pursuing merger and acquisition options. They were very professional and a pleasure to work with.”
“We’re honored to have advised the Marzkes on these transactions, culminating three generations of their family’s hard work building a truly outstanding company,” Saunders said. “We really enjoyed working with the Marzke brothers and wish them well in their next chapter.”
Otto Konrad and Kaitlin Cottle of Williams Mullen served as legal counsel for Pri Mar on both transactions.
