Mergers and Acquisitions
Matrix Advises on the Sale of Eastern Sierra Propane to Ferrellgas Partners, L.P.
BALTIMORE, Md. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane (“Eastern Sierra” or the “Company”) on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) (“Ferrellgas”). The Company is one of the premier propane retailers in the Eastern Sierra Nevada mountain range, serving both residential and commercial customers….
Matrix Advises on the Sale of Shape LLC
RICHMOND, Va. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Shape LLC (“Shape” or the “Company”) to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. (“Gen Cap”), a private investment firm headquartered in Nashville, Tennessee….
Avenu Insights & Analytics Announces the Acquisition of Finvi’s State and Local Government Division
CENTREVILLE, Va. — Avenu Insights & Analytics (“Avenu”), the global leader in revenue recovery and administrative solutions for state and local governments, is proud to announce the acquisition of Finvi’s State and Local Government (“Finvi SLG”) Division. This strategic move marks a significant expansion of Avenu’s offerings and capabilities in serving state and local governments….
Matrix Advises on the Sale of Bobby Taylor Oil Company, Inc. & T&S Transport, Inc. to Parker Oil Company
RICHMOND, Va. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. (“BTOC” or the “Company”) to Parker Oil Company Incorporated. Based in Fayetteville, North Carolina, BTOC is a leading supplier of retail propane, commercial refined fuels, and racing gas to a diverse customer base of residential and commercial accounts throughout the state of North Carolina….
Matrix Announces the Sale of Santmyer Companies, Inc.’s Convenience Retail and Branded Dealer Wholesale Businesses
RICHMOND, Va. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. (“Santmyer” or the “Company”) on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.). Santmyer is a leading privately-owned and family operated full-service distributor whose primary offerings include diesel, gasoline, propane, lubricants, diesel exhaust fluid and logistics services….
Matrix Announces the Successful Sale of Day Motor Sports, LLC
BALTIMORE, Md. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Day Motor Sports, LLC (“Day Motor Sports” or the “Company”) to Chief Executive Officer Dan Hamilton and Chief Financial Officer Stacy Hamilton. Prior to the sale, Day Motor Sports was owned by funds managed by Gen Cap America, Inc. (“Gen Cap”), a private investment firm headquartered in Nashville, Tennessee….
Matrix Announces the Successful Sale of Coborn’s, Inc.’s Holiday Franchised Fuel and Convenience Stores
RICHMOND, Va. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Coborn’s, Inc. (“Coborn’s” or the “Company”) on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC….
Matrix Announces the Successful Sale of Springer Eubank Company, Inc.
RICHMOND, Va. — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates (“Springer Eubank” or the “Company”) on the sale of the Company’s assets including the travel center & convenience & gas division (“TC&G Division”) and its delivered fuels and fuel transport divisions to an affiliate of Petroleum Marketing Group, Inc….
FMTC Safety Accelerates US Market Expansion with M&A Safety Services becoming part of the family
HOUMA, La. — FMTC Safety, a leading provider of comprehensive safety training solutions, is pleased to announce its acquisition of M&A Safety Services, a respected safety training company with two training locations in Louisiana: Lafayette and Houma. The acquisition enhances FMTC’s course capability in the Offshore, Wind, Maritime, and Industry sectors and solidifies its position as the largest player in the USA safety training market….
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….