GPM Petroleum, a subsidiary of convenience store operator ARKO Corp., renewed and extended its revolving credit facility with a syndicate of banks led by Capital One. The credit line was increased by $300 million to $800 million.
Matrix Capital Markets Supports Sale of Quarles Petroleum’s Fleet Fueling and Dealer Supply Business
Matrix Capital Markets Group provided merger and acquisition advisory services to Quarles Petroleu on the closing of the sale of its fleet fueling and dealer supply businesses to GPM Investments, a subsidiary of ARKO.
Matrix Capital Markets, an independent investment bank, advised E.J. Pope & Son (EJP), d.b.a. Handy Mart, on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, a wholly-owned subsidiary of ARKO.
Funds managed by Ares Management’s credit group closed approximately $2.7 billion in direct lending commitments across 40 transactions during Q1/2020.