Ensuring access to capital is a top priority for any business, particularly during times of distress like the COVID-19 pandemic. To ensure a consistent flow of capital, businesses must diversify their sources, minimize costs and keep their options open.
Matrix Capital Markets Group, an independent investment bank, formed a capital advisory investment banking group and named John J. Whalen, a managing director for Matrix, head of the new group. In addition, M. Ryan Weir Jr., a vice president at Matrix, also joined the new group.
Matrix Capital Markets Group, an independent investment bank, advised Circle K Stores on the sale of 48 petroleum marketing and convenience retail stores to Casey’s General Stores.
Matrix Capital Markets Group, an independent investment bank, provided merger and acquisition advisory service to support the closing of the sale of Freeman Gas and Electric to Superior Plus Energy Services, a subsidiary of Superior Plus.
Matrix Capital Markets Group advised Toms Sierra Company on the sale of 13 of the company’s 16 petroleum marketing and convenience retail stores to an undisclosed buyer.
Matrix Capital Markets Group announced the sale of Walker Magnetics Group to Industrial Magnetics, a portfolio company of DNS Capital. Prior to the sale, Walker Magnetics was owned by Alliance Holdings, a private investment firm based in Horsham, PA.
Independent investment bank Matrix Capital Markets Group advised diesel fuel supplier R.M. Parks on the sale of its U.S. wholesale petroleum distribution assets to PacWest Energy, a joint venture between Jackson Energy and Shell Oil Products US.
Matrix Capital Markets Group, an independent investment bank, advised Pester Marketing Company d/b/a Alta Convenience on its sale to a joint venture entity between Fortress Investment Group and a subsidiary of Phillips 66 Company.
Matrix Capital Markets Group, an independent investment bank, promoted Matt C. Oldhouser, CPA, to an associate role. Oldhouser has been a member of Matrix’s consumer and industrial investment banking group since 2019.
Independent investment bank Matrix Capital added Casey Van de Walle as a director and Anthony Hoffman, CPA, as an analyst of the firm. Van de Walle most recently served as vice president at Edgement Partners and Hoffman most recently served as an audit associate at Ernst & Young.