Matrix Capital Markets Group served as lead advisor on G&M Oil company’s syndicated debt financing.
Established in 1969, G&M Oil is one of California’s largest independently owned fuel retailers with over 200 locations throughout Los Angeles, Orange, San Bernardino, Riverside, San Diego and Ventura Counties.
“We were fortunate to work with Matrix to structure and intermediate this important financing. Their experience, expertise, and objective approach were critical to securing capital on terms that were very attractive to the company,” Adam Sparks, general manager of G&M said.
Matrix provided capital advisory services to G&M, which included financial modeling, assessment of optimal financing strategy, selection of capital providers, and negotiation of the transaction. The financing was managed by John Whalen, head of Matrix’s Capital Advisory investment banking group; Ryan Weir, director; and Garrett Novotny, CFA, CPA, senior analyst.
“The Matrix team delivered outstanding support and insight throughout the process. Their dedicated and adaptable approach, coupled with their robust execution, ensured a favorable result for all involved. Their expertise was critical to a successful outcome,” Scott Olson, director of strategy & corporate development of G&M, said.
“We deeply value the trust G&M placed in us to guide them through this capital raise. G&M is a best-in-class operator and this transaction is a testament to the company’s strong profile,” Whalen said. “In addition to providing the company with significant structural latitude, the new capital base will support G&M’s immediate and long-term growth initiatives. We couldn’t be more pleased to support G&M Oil – truly a privilege to work with them!”
