Sep, 27
2023
Business, Free News Articles, VAR and IT Consulting

MSP Merge: Teal Delivers Elevated Service, Security to SMBs

WASHINGTON, D.C. -- Aligned Technology Solutions and TechGen Consulting, two award-winning managed IT service providers, merged to form a new company called Teal. This merger is a strategic alliance, built upon complementary strengths, to deliver elevated IT and cybersecurity services to small- and medium-sized organizations - especially those with heightened cybersecurity or compliance requirements.

Elevated Service Delivery

The new brand, possessing managed IT support roots dating back to 2000, unlocks many opportunities for small organizations by delivering obsessive service. Teal focuses on building strong, partnership-level relationships with each client. This connection forms a foundation for trust, which facilitates business alignment and success. The team then adds Teal's signature value elements that clients frequently commend.

"Our legacy partners choose to stay with us year after year because we provide them with the things they value most in managed IT services - ultra-responsiveness, intentional excellence, specialized expertise, and a deep understanding of [their] business challenges," said Reid Johnston, Teal cofounder and Chief Information Officer. "By combining these, we can morph their challenges into exciting opportunities for enhancement. That's how we give them the obsessive service they deserve, and we are carrying these crucial elements forward into Teal."

Integrated Cybersecurity to Boost Client Competitiveness

Teal offers more than productivity boosting services and resolving day-to-day technology concerns. Its team of sophisticated cybersecurity professionals provides expert counsel, troubleshoots issues, and proactively establishes the necessary infrastructure and systems to manage complex compliance and security demands, which are vital to many small businesses.

Often, organizations find it challenging to hire or afford the cost of a team of certified cybersecurity and compliance professionals. Teal offers a solution by providing access to such experts. The company is competent in a variety of frameworks, including:

* CMMC

* HIPAA

* NIST

* DFARS

These proficiencies make it a viable option for small businesses with complex environments looking for a sophisticated managed service provider.

"Teal places great emphasis on cybersecurity," explained Gar Whaley, Teal cofounder and Chief Revenue Officer. "We incorporate security as an integral part of our processes rather than an afterthought like many MSPs do. The process starts by prioritizing the application of security measures to Teal first and foremost - because our security is connected to our client's security."

Whaley explained that the Teal team is always looking for new ways to showcase the organization's cyber resilience.

"We are proud to have earned the CompTIA Security Trustmark+ this year - which demonstrates our compliance with key industry regulations such as PCI-DSS, HIPAA, and others reliant on the NIST Framework. In addition to this accomplishment, we continually demonstrate our commitment to robust cybersecurity through unbiased risk monitoring with SecurityScorecard. Empowering our client's success through security is at the forefront of everything we do."

Teal closes the cybersecurity gap for many of its clients - providing the knowledge and tools needed to safeguard critical assets. Their strategic guidance helps to enhance the organization's preparedness for future developments.

Integrating Teal's cybersecurity solution into a small organization's IT strategy can provide several benefits, including:

* Access to enterprise-level solutions

* Access to more partnership opportunities

* Enhanced customer trust and loyalty

* Resilience against cyber-attack disruptions

* Preserved financial stability

Continual Enhancement to Drive Client Success

The leadership team is now seizing the opportunity to optimize and streamline its service delivery. By consolidating resources, expertise, and the favorable aspects of its legacy organizations, Teal positions itself to meet its clients' needs better. Additionally, the team is analyzing feedback from current partners to enhance its service delivery and improve client outcomes.

"Successful business leaders understand the importance of actively listening to your customers and making service improvements based on their feedback," said Don Sauer, Teal cofounder and Chief Executive Officer. "We regularly incorporate client feedback from Help Desk experiences and biannual NPS surveys. This merger allows us to refine our services further by deeply assessing the processes, from initial client interaction to ongoing care, ensuring we meet or exceed client expectations."

The Launch

Teal recently launched their brand by unveiling their new website on September 26. Interested parties are encouraged to visit the website to review Teal's services and the industries it serves.

About Teal

Teal partners with small- to medium-sized organizations and provides them with advanced IT services that accelerate strategic growth through technology. Having established a legacy over two decades, the company's commitment to delivering ultra-responsive services, prioritizing integrated cybersecurity, and investing in its staff sets it apart from its competitors.

Small business leaders deserve to optimize their IT investments and empower their teams with an award-winning partner who genuinely cares about their success.

For more information, visit the Teal website ( https://tealtech.com/ ) or follow @TealMSP on LinkedIn, Facebook, Twitter, and YouTube.

RELATED LINKS:

https://tealtech.com/services/managed-it-services-and-support/

Related link: https://tealtech.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Sep, 12
2023
Business, Free News Articles, Real Estate

Tampa Transformation: LRR Property Investments Makes Strategic Acquisition at 3655 Henderson Blvd, Plans for Major Improvements

TAMPA, Fla. -- The Phoenix Property Group, an Orlando, FL based developer and AMJ Group Inc., a Gainesville, FL based developer have recently partnered to create LRR Property Investments. As a new dynamic player in the real estate market, they are proud to announce the successful acquisition of a prime building located at 3655 Henderson Boulevard in Tampa, Florida.

The purchase, valued at $3 million, marks a significant addition for the company as it sets its sights on expanding its portfolio and delivering exceptional value to investors.

With a vision for transforming properties into thriving, modern spaces, LRR Property Investments plans to invest several million in improvements to the newly acquired building.

These enhancements will not only elevate the aesthetics and functionality of the property but also contribute to the overall growth and development of the local community. The upcoming venture represents just the beginning of an exciting pipeline of Tampa opportunities that LRR Property Investments has in store.

"We see an incredible opportunity with 3655 Henderson Blvd, and we're thrilled to commence this transformation," said Amanda Sheffield, Property Manager. "Our planned enhancements will breathe new life into this property, and will demonstrate our commitment to creating attractive returns for our investors while also contributing positively to the Tampa community."

The company intends to implement a series of enhancements that will significantly elevate the functionality and appeal of the property. These changes range from aesthetic upgrades to functional improvements designed to align with modern standards and community needs.

"We firmly believe that real estate has the power to shape communities and enrich lives," added Alex Reece, Director of LRR Property Investements. "Our team of industry experts is dedicated to creating spaces that foster growth, inspire collaboration, and drive economic prosperity. We are excited to leverage our knowledge and experience to unlock the full potential of this property and contribute to the ongoing development of Tampa. Tampa is an incredible city that is ripe for smart growth."

About LRR Property Investments:

LRR Property Investments is a dynamic and forward-thinking real estate company focused on acquiring, developing, and enhancing properties that deliver outstanding value to investors. With a team of industry experts and a commitment to excellence, LRR Property Investments leverages innovation, sustainability, and cutting-edge technology to transform properties and shape communities.

Additional contact information:

The Phoenix Property Group: http://thephoenixpropertygroup.com/

AMJ Group Inc.: https://www.amjinc.com/

Related link: http://thephoenixpropertygroup.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Aug, 23
2023
Business, Free News Articles

Matrix Announces the Successful Sale of Mystic Oil Company, Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Mystic Oil Company, Inc. and its affiliates ("Mystic Oil" or the "Company") on its sale to Petroleum Marketing Group, Inc. The Company sells fuels on a consignment and wholesale basis to approximately 150 Gulf, Citgo, ExxonMobil, Shell and unbranded customers in Connecticut, Massachusetts, Rhode Island, New York and Vermont.

Mystic Oil was founded in 1956 by Aaron Agrin and is a fourth-generation, family-owned and operated business with deep roots in Mystic, Connecticut. During its first few decades, the Company expanded its fuels offerings by becoming a top distributor of leading fuels brands such as ExxonMobil and Gulf while also developing a chain of company operated convenience stores. In 2008, Mystic Oil divested its company operated convenience store business and transitioned its focus to the wholesale fuels business. Peter Zelken became President of Mystic Oil in 2017 and acquired the Company from his father, Scott Zelken, that same year. Since that time, under Peter's leadership, Mystic has grown significantly and has become one of the leading fuels distributors in New England.

Matrix provided merger and acquisition advisory services to Mystic Oil, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Cedric Fortemps, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; and Michael Tucker, CFA, Associate.

Peter Zelken, President of Mystic Oil, stated, "Matrix demonstrated an extraordinary understanding of the downstream petroleum business. They were patient, diplomatic, intelligent and trustworthy. It's not easy handing the keys to a multigenerational family business to just anyone. My sincere thanks to Cedric Fortemps and Mike Tucker on a job well executed from start to finish."

Mr. Fortemps added, "Peter has done a tremendous job growing Mystic Oil and making it a very attractive wholesale fuels business for any fuels company trying to establish a presence or grow in New England. We were honored to have been chosen by him to advise on finding the best transaction partner and steward for his exceptional fourth-generation business."

Otto Konrad and Kaitlin Cottle of Williams Mullen served as legal counsel for Mystic Oil Company, Inc.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals and car washes. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 290 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Aug, 17
2023
Business, Free News Articles

Matrix Announces the Successful Sale of H.A. Mapes, Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised H.A. Mapes, Inc. ("H.A. Mapes" or the "Company") on its sale to Nouria Energy Retail, Inc., a subsidiary of Nouria Energy Corporation ("Nouria"). While H.A. Mapes is known throughout New England as a leading petroleum distributor, the Company in recent years had expanded into convenience retail operations through acquisitions, new-to-industry builds, and major store remodels. Prior to the sale, the Company owned 13 retail locations and sold fuel on a wholesale basis to approximately 80 customers.

H.A. Mapes is a third-generation, family owned and operated business with roots in Springvale, Maine. The Company was founded in 1936 by Harry Allen Mapes as a small heating oil provider servicing customers in Springvale. In 1950, Harry's son, Harry Allen Mapes, Jr. joined the business and helped the Company expand its reach throughout Southern Maine. For its first 40 years, H.A. Mapes focused on expanding its heating oil business throughout southern Maine. In 1982, Jonathan Mapes formally joined the third-generation family business. Under Jonathan's guidance, H.A. Mapes transitioned from distributing heating oil to motor fuels and became one of the largest distributors in Maine. In 2018, Jonathan began building out the Company's convenience retail offerings, and in 2022 he unified each company-operated store with the launch of the Harry's proprietary brand.

Matrix provided merger and acquisition advisory services to H.A. Mapes, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; Andrew LoPresti, CPA, CFA, Vice President; and Kyle Tipping, CFA, Senior Associate.

Jonathan Mapes, President of H.A. Mapes, stated, "In 2019 Matrix identified our deficiencies from a buyer's perspective via their detailed evaluation. Our team immediately embarked on a new approach to market. We asked Matrix to re-evaluate in 2022 whereupon the decision to 'go to market' was made. I would recommend this two-step process to anyone considering the anguishing decision to sell as it can improve value considerably. Transitioning out of the essential petroleum business has been an emotional yet a timely decision that Matrix facilitated professionally."

Mr. Cavalier added, "We have enjoyed working with Jonathan and his talented team, including Steve McGrath, over the last several years providing valuation, strategic and transaction advisory services. Jonathan's family and employees built one of the premier petroleum marketing and convenience retailing businesses in New England, and it was an honor to be their advisor."

Michael Quinlan of Jensen Baird served as legal counsel for H.A. Mapes, Inc.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals and car washes. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 290 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Aug, 02
2023
Business, Free News Articles

MMI Announces Strategic Acquisition of Bonzo Mortgage / Real Estate CRM Platform

SALT LAKE CITY, Utah -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, announced its acquisition of relationship management and mortgage marketing platform provider Bonzo. The Bonzo leadership team, including founder and president Jason Perkins, founder and COO/CRO Miles Miller, and CEO Chad Jampedro, will continue to guide the company as it operates as an independent service. However, current and future MMI and Bonzo customers will soon begin to benefit from a growing list of the two technology platforms' integrated services and features.

"MMI's acquisition of Bonzo is the next logical step in the path we've been pursuing for the past year or more, which is to deliver cost-efficient, best-in-breed solutions to the mortgage industry in a consolidated, easy-to-use, integrated environment," said MMI founder and CEO Ben Teerlink. "Built around how consumers want to communicate today, Bonzo is a breath of fresh air in what can often feel like a stale mortgage technology landscape, and we see tremendous potential in the potent combination of MMI's industry-leading data and Bonzo's new-generation marketing and technology."

Founded by former mortgage professionals keenly aware of industry pain points, Bonzo is a reimagined CRM platform for modern mortgage advisors and real estate agents. The platform combines all the tools necessary to acquire, convert and retain clients with a simple, easy-to-use interface that enables loan officers and agents to authentically and efficiently engage with clients and prospects. Key features include:

* Campaign Builder to conduct personal, customized outreach at scale;

* Messaging that supports voice, video and text, including GIFs and emojis;

* Ad Builder for Google and Facebook ad creation; and

* Pipeline dashboard to organize the sales process.

"From top to bottom, the entire Bonzo team is ecstatic about the sky-high potential we see on the horizon with MMI," said Perkins. "When you combine MMI's unrivaled LO, agent and transaction data with Bonzo's superior marketing CRM experience, we're going to have lots of happy and efficient customers."

About Bonzo

Bonzo has reimagined the CRM to make selling fun again so advisors and agents can focus on what matters most. With Bonzo, advisors and agents can attract, convert and retain clients on autopilot, enabling them to earn more without working more. More than 2,000 clients have leveraged Bonzo to have more conversations without wasting time on people who aren't ready to talk, engage with people in a way that feels real and approachable without all the legwork, and build lasting relationships that go beyond one deal. To learn more, visit https://getbonzo.com.

About MMI

Mobility Market Intelligence (MMI) is a market leader in data intelligence and market insight tools for the mortgage and real estate industries. Headquartered in Salt Lake City, the company's signature product, MMI, provides actionable intelligence for lenders, real estate agents, real estate brokerages, title companies and others in the real estate industry. MMI is currently used by more than 450 enterprise customers, including 20 of the top 25 lenders in the country. To learn more, visit https://mmi.io or contact sales@mmi.io.

Related link: https://mmi.io

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Jul, 25
2023
Business, Free News Articles, Software

WaterSignal, LLC Joins Forces with Metron Farnier, LLC – Unlocking a New Era of Water Efficiency

ALPHARETTA, Ga. -- Today, WaterSignal, LLC is thrilled to share some truly exciting news: WaterSignal, LLC has been acquired by Metron Farnier, LLC! WaterSignal, LLC is delighted to embark on this new journey, which will undoubtedly benefit its valued clients and further enhance its commitment to water conservation and efficiency.

Metron Farnier, LLC, a global leader in smart water management solutions, shares WaterSignal, LLC's passion for sustainability and innovation. Together, these entities form an unbeatable team, fully equipped to take water efficiency to unprecedented heights through a holistic approach. With this collaboration, one can expect many advantages that will revolutionize how one approaches water management.

Here are some key benefits and services that the aforementioned business acquisition offers:

Expanded Technology Portfolio: By combining the expertises of WaterSignal, LLC and Metron Farnier, LLC, this collaboration now offers a comprehensive suite of cutting-edge technologies. From smart water meters and leak detection systems to data analytics platforms, this collaboration provides a one-stop solution to meet any water management needs.

Enhanced Data Insights: This joint effort significantly improves data collection, analysis, and reporting capabilities. One will gain deeper insights into water usage patterns, identify opportunities for optimization and achieve cost savings like never before.

Tailored Solutions for Every Industry: Whether one is in commercial/multifamily real estate, hospitality, education, or any other sector, this collaboration offers tailor-made solutions to address the unique challenges faced in water management.

Unmatched Customer Support: As a collaboration, this joint effort remains committed to maintaining the highest standard of customer support customers you've come to expect from WaterSignal, LLC. With an expanded team, this collaboration is even more equipped to address customer queries promptly and provide timely assistance.

Reach: WaterSignal, LLC's acquisition by Metron Farnier, LLC enables the parties to extend their reach to new markets and regions. As a result, the parties can collaborate with even more organizations and communities nationwide, collectively making a profound impact on water conservation efforts.

In the coming weeks, customers will receive further updates and information about the integration process, and WaterSignal, LLC and Metron Farnier, LLC will ensure a seamless transition for all their valued clients. Rest assured, current customer contracts and services will continue uninterrupted, and the familiar faces customers have come to know and trust will remain with the joint effort.

To address any immediate questions or concerns, please don't hesitate to contact WaterSignal, LLC's dedicated support team at save@watersignal.com.

Thanks for being an essential part of this milestone in WaterSignal, LLC's history. Together with Metron Farnier, LLC, both parties look forward to forging a greener and more sustainable future.

Learn more: https://www.watersignal.com/

Related link: https://www.watersignal.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Jul, 19
2023
Business, Free News Articles, Manufacturing

Matrix Announces the Successful Sale of Vital Plastics, Inc.

BALTIMORE, Md. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. ("Vital Plastics" or the "Company"), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners ("Wolverine Capital").

Headquartered in Baldwin, WI, Vital Plastics provides injection molding, assembly operations, and tooling solutions to the transportation, industrial, consumer durable, and building product sectors. Operating out of two facilities, totaling over 65,000 combined square feet, the Company manufactures products such as automotive and window clips, industrial components and medical parts, among others, for a blue chip customer base of numerous Fortune 500 entities located throughout the United States. Value-added capabilities, including advanced engineering and design consulting, coupled with unrivaled responsiveness and customer service, has earned Vital Plastics its reputation as a preeminent manufacturer of injection molded products.

Over the past decade, leadership of the organization has transitioned from majority owner Terry Townsend to CEO George Hauser and President & CFO Matthew Fish. Mr. Hauser and Mr. Fish have been instrumental in helping grow and modernize the Company during that period, including driving the implementation of industry-leading automation and reporting systems. Mr. Fish will continue as the lead of day-to-day operations moving forward.

Regarding the transaction, Mr. Fish commented, "We are pleased to partner with the Wolverine Capital team. Of all the groups we interacted with, their team resonated most deeply with us given their straightforward approach and passion for building businesses. We are uniquely aligned in recognizing the attributes that have driven the Company's success: its loyal employee base and longstanding customer relationships, most of which date back multiple decades. We look forward to our next chapter of growth with Wolverine Capital."

Matrix provided merger and acquisition advisory services to Vital Plastics, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; Matt Oldhouser, CPA, Senior Associate; Sahan Pandey, Senior Analyst; and Hampton Massie, Analyst.

Regarding Matrix's services, Mr. Hauser noted, "My partners and I were impressed by the level of commitment and sophistication that Matrix brought to the transaction. Their detailed knowledge of our specific industry, paired with their experience in transaction advisory, created tremendous value for us. We are extremely grateful for their efforts."

Mr. O'Flaherty added, "We are thrilled to have found such an excellent partner for Vital Plastics. We congratulate Terry on building such an impressive business and commend George for the tremendous work he's done as CEO to position the organization for the next phase of growth. We have no doubt that Matt will continue to find success as part of this new partnership given his commitment to providing world-class services to his customers."

Brian Pitney and David Carroll of Sands Anderson PC served as legal counsel for Vital Plastics. Dykema Gossett PLLC served as legal counsel for Wolverine Capital.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Jul, 17
2023
Business, Free News Articles

Matrix Announces the Successful Sale of BeWell Network, LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised BeWell Network, LLC ("BeWell" or the "Company") on its successful sale to H.E.R. Management, LLC.

BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder. The Company operates in two markets, San Juan Capistrano and Dana Point in Orange County, California and Santa Barbara, California.

BeWell's service offerings include detoxification, residential care, a partial hospitalization program (PHP), and an intensive outpatient program (IOP) for substance use disorder treatment in both Orange County and Santa Barbara, as well as PHP and IOP for primary mental health care treatment in Santa Barbara. To support patients enrolled in BeWell's outpatient programs, the Company also operates sober living homes in each of its two markets. The Company is contracted with many of the payors that have a significant presence in Southern California.

BeWell prides itself on the quality of its substance use disorder recovery programs and has a highly trained staff dedicated to patient recovery. The Company is also focused on developing active alumni programs to support patients once they are out of recovery.

BeWell is Joint Commission accredited and LegitScript certified.

Matrix provided M&A advisory services to BeWell, including marketing the transaction, advising on valuation, deal structure, and other transaction terms, and ultimately achieving a successful execution. The transaction was managed by Vasanta Pundarika, Head of Matrix's Healthcare Investment Banking Group, Casey Van de Walle, Director, and Barrett Smith, Analyst.

Ms. Pundarika said, "We are happy to have worked with the owners of BeWell Network as their financial advisors on this transaction. Under new ownership, we look forward to seeing BeWell implement an enhanced growth strategy, while continuing to provide high quality care to its patients."

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies.

Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

MATRIX CAPITAL MARKETS GROUP, INC.

800 East Canal Street, Suite 850 | Richmond, VA 23219

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Jun, 29
2023
Business, Free News Articles, Home and Garden

Matrix Announces the Successful Sale of the Lawn and Garden Division of Antilles Power Depot Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division ("Antilles L&G" or the "Company") of Antilles Power Depot Inc. ("APD") to Freije Supply Inc. ("Freije Supply"). Antilles L&G is a leading distributor of Stihl, Walker, and other top brands in the lawn maintenance and equipment marketplace.

Headquartered in Carolina, Puerto Rico, with additional locations in the Dominican Republic, St. Thomas, St. Croix, and St. Maarten, APD is a multifaceted, award-winning, distributor and service provider of power generation systems, as well as equipment and tools for lawn care. With over two decades of operating history, the Company has established a diverse commercial and residential customer base that utilizes Antilles L&G's specialized sales and service capabilities.

Matrix provided merger and acquisition advisory services to Antilles L&G and APD, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; William O'Flaherty, Managing Director; Matt Oldhouser, Senior Associate; and Sahan Pandey, Senior Analyst.

Mr. Shoulders noted, "We're thrilled to have assisted the APD team in this important carve-out transaction, allowing them to focus on their core business. We enjoyed working with the Company and its exceptional management team and congratulate all parties on this successful outcome."

Regarding Matrix's services, Jason Hebert, President of APD, commented, "Matrix did an exceptional job navigating this highly complex corporate carve-out. I commend their knowledge of these nuanced transactions and am grateful for their assistance." Addressing the transaction, he added, "We believe this divestiture creates exceptional value for all parties. The Freije Supply team is acquiring a complementary business with exceptional recurring revenue, and I'm confident they're positioned to grow the business line. This additional capital allows APD to focus on and grow our core business, generator sales and service, while also supporting our growth in yacht and marine services, as well as our expansion into new physical locations throughout the Caribbean."

Founded in 2014 in Carolina, Puerto Rico, Freije Supply is a wholesale distributor of electrical, plumbing, construction and other miscellaneous household products. Owned and operated by Manolo "Manuel" Freije III, Freije Supply maintains relationships with the most established brands in the markets it serves, including 3M, Delta, EcoSmart, General Electric, Rheem, and Simpson Strong-Tie, among numerous others. Freije Supply distributes to a diverse set of customers throughout the Caribbean. Financing for the transaction was provided by Bluhaus Small Business Fund, L.P., a Small Business Investment Company established to make debt and equity investments in businesses operating predominantly in Puerto Rico.

Bill Lowman and Jason Davis of ShuffieldLowman served as legal counsel for Antilles L&G and APD.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve-outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Jun, 29
2023
Business, Free News Articles, Home and Garden

Matrix Announces the Successful Sale of the Lawn and Garden Division of Antilles Power Depot Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division ("Antilles L&G" or the "Company") of Antilles Power Depot Inc. ("APD") to Freije Supply Inc. ("Freije Supply"). Antilles L&G is a leading distributor of Stihl, Walker, and other top brands in the lawn maintenance and equipment marketplace.

Headquartered in Carolina, Puerto Rico, with additional locations in the Dominican Republic, St. Thomas, St. Croix, and St. Maarten, APD is a multifaceted, award-winning, distributor and service provider of power generation systems, as well as equipment and tools for lawn care. With over two decades of operating history, the Company has established a diverse commercial and residential customer base that utilizes Antilles L&G's specialized sales and service capabilities.

Matrix provided merger and acquisition advisory services to Antilles L&G and APD, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; William O'Flaherty, Managing Director; Matt Oldhouser, Senior Associate; and Sahan Pandey, Senior Analyst.

Mr. Shoulders noted, "We're thrilled to have assisted the APD team in this important carve-out transaction, allowing them to focus on their core business. We enjoyed working with the Company and its exceptional management team and congratulate all parties on this successful outcome."

Regarding Matrix's services, Jason Hebert, President of APD, commented, "Matrix did an exceptional job navigating this highly complex corporate carve-out. I commend their knowledge of these nuanced transactions and am grateful for their assistance." Addressing the transaction, he added, "We believe this divestiture creates exceptional value for all parties. The Freije Supply team is acquiring a complementary business with exceptional recurring revenue, and I'm confident they're positioned to grow the business line. This additional capital allows APD to focus on and grow our core business, generator sales and service, while also supporting our growth in yacht and marine services, as well as our expansion into new physical locations throughout the Caribbean."

Founded in 2014 in Carolina, Puerto Rico, Freije Supply is a wholesale distributor of electrical, plumbing, construction and other miscellaneous household products. Owned and operated by Manolo "Manuel" Freije III, Freije Supply maintains relationships with the most established brands in the markets it serves, including 3M, Delta, EcoSmart, General Electric, Rheem, and Simpson Strong-Tie, among numerous others. Freije Supply distributes to a diverse set of customers throughout the Caribbean. Financing for the transaction was provided by Bluhaus Small Business Fund, L.P., a Small Business Investment Company established to make debt and equity investments in businesses operating predominantly in Puerto Rico.

Bill Lowman and Jason Davis of ShuffieldLowman served as legal counsel for Antilles L&G and APD.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve-outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

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