Daktronics closed on a three-year, $75 million senior secured credit facility with JPMorgan Chase. In addition, Daktronics closed a $25 million convertible debt financing agreement with shareholder Alta Fox Capital Management.
Matrix Capital Markets Group advised Alpena Oil Company on its sale to Blarney Castle Oil. Alpena is a northern Michigan grocery and convenience retailer. The company’s retail chain is comprised of six Louie’s Fresh Market full-service grocery stores and 14 traditional convenience stores and a cardlock.
Penn Tank Lines has acquired Jet Star. Matrix Capital Markets provided merger and acquisition advisory services to the company, which included advisory on valuation and other transaction terms.
Matrix Capital Markets advised Van Unen/Miersma Propane (VMP), in some markets as d/b/a Sierra Propane, and its affiliate Windmill Propane on its sale to Energy Distribution Partners (EDP), a propane marketer.
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.