Business, Free News Articles

Matrix Announces the Successful Sale of Springer Eubank Company, Inc.

RICHMOND, Va. -- RICHMOND, Va. and BALTIMORE, Md., Nov. 2, 2023 (SEND2PRESS NEWSWIRE) -- 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.

The origin of Springer Eubank dates back to the 1800's when Springer Coal and Eubank Oil began marketing petroleum products in the coastal Carolinas. In 1976, they merged to form Springer Eubank Oil Company, and in 2004 was acquired by W. Cecil Worsley, III and became Springer Eubank Company, Inc. Greta Stanley, Springer Eubank's Executive Vice President had previously worked with Mr. Worsley since 2005 at Worsley Companies (Scotchman Stores), and she later joined Springer Eubank in 2008 when the company sold. At the time of the sale of Worsley Companies, Springer Eubank was a sister wholesale fuel company that was retained by Mr. Worsley.

Springer Eubank's TC&G Division is comprised of nine company-operated convenience stores, one travel center, one cardlock, six dealer/agent operated sites and one greenfield landbank site located in the greater Wilmington, NC area, as well as eastern South Carolina. The convenience stores operate under the locally well-known "Phoenix Mart" banner, while the travel center is branded "Phoenix Travel Center." The stores market major fuel brands including Amoco, Exxon and Sunoco and three locations feature the Company's proprietary "Coastal Fuels" gasoline and diesel. Three locations offer QSR foodservice, including two Subways and one Jimmy Johns.

The delivered fuels segment operates out of the Company's bulk plant located near the port of Wilmington and distributes diesel, gasoline and kerosene to a variety of commercial and marine customers. Springer Eubank's fuel transport division supports both the TC&G and delivered fuels divisions and consists of a fleet of nine transports.

Matrix provided merger and acquisition advisory services to Springer Eubank, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Corbett, CFA, Director; Spencer Cavalier, CFA, ASA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; John Mickelinc, CFA, Senior Associate and Alexander Rakos, Senior Analyst.

Mr. Worsley commented, "I have known the Matrix team for many years and was aware of the outstanding reputation that they have in the industry. Their knowledge of the market and skill in executing a highly effective M&A process made them the clear choice when deciding who to hire as an advisor. Matrix was instrumental in achieving my goals for the sale of Springer Eubank."

Mr. Corbett added, "Cecil and the Worsley family have been well-respected in the industry for many years. Cecil has built Springer Eubank into one of the leading petroleum marketers in Wilmington and the surrounding areas. We were honored to represent him in the sale of the Company as he transitions his focus to his other entrepreneurial ventures."

Stephen Diab, Berry Trice and Lauren Williams of Murchison, Taylor & Gibson, PLLC served as legal counsel for Springer Eubank 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, car washes and quick service restaurants. 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 300 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

Business, Free News Articles, Real Estate

Real Estate Auction Firm is Now Tranzon Key

FAIRFAX, Va. -- For over 30 years, across thousands of auctions, Tranzon Fox has been the key to unlocking the value of its clients' real estate by providing expertise in property evaluation and competitive auction sales. The Key team has proven success in sales of residential, commercial and land properties via live and online bidding at the highest possible prices in the shortest possible periods of time. The firm's new name reflects our essential role in helping sellers achieve success. Still short and sweet, Tranzon Fox is now known as Tranzon Key, according to the firm.

When the founders retired in 2022, the remaining partners bought their interest. The buyout was a testament to their continued enthusiasm for the auction business, their keen awareness of the value of the long-tenured employees, agents, brokers, and auctioneers of Tranzon Fox (now Key), and their desire to see those hundreds of years of combined industry experience continue for the benefit of existing clients and new sellers.

President Bill Londrey, and Managing Partners Jeff Stein and Linda Terry are the new owners of Tranzon Key, with headquarters in Fairfax, Virginia, serving Northern Virginia, DC and Maryland, and satellite locations throughout Virginia and North Carolina. They remain committed to the boutique, hands-on, concierge-style approach that is unique in the auction industry, which has a track record of sales success even where ordinary brokerage has failed to yield desired results.

Tranzon Key has retained the full marketing and administrative staff and embarked on a plan for growth in new areas including South Carolina and Indiana.

Tranzon Key believes the best is yet to come! It looks ahead to provide the best possible service to existing clients, to meeting new sellers and introducing them to the benefits of our real estate auction and marketing expertise. The management team welcomes hearing from agents, brokers, and auctioneers who may wish to become part of the Tranzon Key family.

For more information about Tranzon Key and Tranzon, please visit: https://www.tranzon.com/key/default.aspx

About Tranzon:

In 2000, a group of real estate auctioneers banded together to create Tranzon, LLC, a nationwide network that revolutionized the way real estate professionals bring buyers and sellers together. Today, the Tranzon team features some of the most experienced real estate, marketing, and auction professionals in the business. Using Tranzon's Market-Making System (TM), a proven methodology for the accelerated sale of property, the company has conducted tens of thousands of successful commercial and residential auctions for clients including financial institutions, trusts, guardians, estates, and private individuals. All Tranzon companies are independently owned and operated. Tranzon Key, VAAF 423.

Related link: https://www.tranzon.com/key/default.aspx

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

Alliances and Partnerships, Business, Free News Articles, Government, Software

Shaping the Future of Local Governance: Avenu Insights & Analytics and ClearGov Announce Strategic Partnership

CENTREVILLE, Va. -- Avenu Insights & Analytics and ClearGov have joined forces in a strategic partnership set to revolutionize local government operations and financial management. This collaboration will span across several crucial areas of cooperation.

The partnership's objective is to bolster revenue streams for local government entities by combining Avenu's extensive expertise in identifying underreported taxes and managing revenue streams with ClearGov's suite of budget cycle management tools. This powerful synergy equips local governments with a comprehensive view of their financial health, ultimately fostering greater financial stability and informed decision-making.

In addition, the partnership seeks to optimize budgeting by combining the power of Avenu's data analytics with ClearGov's user-friendly budgeting and strategic planning tools, providing real-time, actionable insights for more effective financial planning. Moreover, it streamlines local government operations by highlighting the synergy between Avenu's administrative services and ClearGov's budgeting and strategic planning tools, thereby reducing administrative burdens, and enhancing overall operational efficiency.

"This strategic partnership empowers local governments by enhancing revenue and streamlining operations as well as providing digital transformation, seamless payment processing, and a commitment to transparency," shared Avenu CEO Paul Colangelo. "These initiatives aim to foster financial stability, operational efficiency, and stronger bonds of trust between local governments and their communities."

Digital transformation is in focus, as Avenu's compliance auditing and advanced payment processing along with ClearGov's modernization tools provides local government with the tools needed to work more efficiently and enhance the citizen experience. "This collaboration provides the tools for local governments to modernize their operations without needing to overhaul core systems like their ERP," shared ClearGov President & Co-Founder, Bryan Burdic. "Community trust is built through transparency in how governments and citizens communicate with each other. We want to make it easier than ever for governments to build that trust."

This partnership is a testament to the commitment of both companies to reinforce community trust in local government financial practices. Together, Avenu Insights & Analytics and ClearGov are shaping the future of local governance.

About Avenu Insights & Analytics:

Over 3,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software digitally transforms government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents.

Avenu is a portfolio company of Mill Point Capital. Learn more about Avenu by viewing this brief Video About Avenu or visit https://www.avenuinsights.com/.

About ClearGov:

ClearGov® is the leading provider of public sector technology solutions to help local organizations simplify their budgeting and licensing processes. ClearGov's Budget Cycle Management solution helps local governments modernize and streamline their entire budgeting process. Its ClearForms platform modernizes any paper or PDF-based workflow process. ClearGov solutions are utilized successfully by more than 900 agencies and are powerful and affordable enough to support local governments of every size. For more information, visit https://cleargov.com/.

RELATED LINKS:

https://www.youtube.com/watch?v=cu_rkNxCeMc

https://millpoint.com/

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

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

Business, Defense and Military, Education and Schools, Free News Articles, Government, VAR and IT Consulting

By Light Awarded $4M Army National Guard Contract

MCLEAN, Va. -- By Light Professional IT Services LLC (By Light), a renowned provider of IT services and simulation solutions, is excited to announce its continued collaboration with Warhorse Training Solutions to provide cutting-edge recruiting systems to the U.S. Army National Guard (ARNG). This newly awarded contract, valued at $4,040,361, is set to significantly expand the deployment of By Light's recruiting experiences from 252 to an impressive 954 systems.

Under this agreement, By Light will design and deliver 702 GEN3 Vocational Recruiting Experiences (VRE) characterized by their portability and user-friendly features allowing for easy setup on any table surface. Their flexibility makes the VREs well suited for deployment in various event scenarios. Each system boasts a 24-inch full HD touchscreen display, a compact computer unit, and a built-in soundbar, offering users a rich and immersive experience. Moreover, these systems are designed with the future in mind, enabling the integration of additional Military Occupational Specialty (MOS) experiences.

A key component of this contract is a comprehensive three-year after-market support package to ensure that the investment made by the ARNG is safeguarded and always ready for action.

By Light's VREs address recruiting challenges and pave the way for sustainable recruiting success. This exceptional solution introduces an innovative approach to attract, engage, and educate potential recruits about the diverse career opportunities available in the military. "These experiences serve as hands-on tools to vividly illustrate to potential recruits the excitement, growth potential, and purpose-driven nature of military occupational specialties," said Cory McAndrew, General Manager at By Light.

The commitment of the National Guard Bureau (NGB) to acquire these additional systems marks a significant step in addressing recruiting shortfalls and readiness challenges the U.S. military faces. "By attracting and engaging young individuals through immersive experiences, By Light's VREs offer engaging gameplay, lead generation capabilities, and seamless operation," said Vicente Sanchez, Program Manager at By Light.

By Light is honored to continue its support of the ARNG in its mission to strengthen the ranks with capable and dedicated individuals. The By Light VRE contract represents the forward thinking of industry and the NGB by providing tools and resources to meet the evolving needs of today's recruitment landscape.

About By Light:

By Light Professional IT Services LLC, headquartered in McLean, VA, is an ISO 9001, 20000-1, and 27001 registered and CMMI-Dev Level 3 rated systems integrator that provides secure, turnkey systems by incorporating exceptional engineering, project management, telecommunications, and cyber capabilities to safeguard mission success. Founded by industry professionals with extensive knowledge in the DoD, DISA, and other U.S. Government agencies, By Light successfully implements technical solutions that integrate commercial best practices to meet the needs of government. For more information, visit https://bylight.com/.

About Warhorse Training Solutions:

Warhorse Training Solutions, LLC headquartered in Spotsylvania, VA, is a Service Disabled Veteran Owned Small Business with extensive expertise in training systems, logistical support, and communications-based support. Warhorse Training Solutions provides a combat Veterans approach and ensures mission requirements are met before, during, and after development of its services. The goal of the organization is to provide a turnkey solution for our customers to allow the Warfighter to train effectively and efficiently. For more information, visit https://warhorsets.com/.

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

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

Business, Construction and Building, Free News Articles, Real Estate

Prime Goochland County, Virginia Development Land Up for Grabs at Auction

RICHMOND, Va. -- Town hall meetings focused on the future of Centerville in Goochland County reveal neighbors who are keenly aware of inevitable growth and development, with an expressed desire to "grow gracefully," according to Tranzon Key.

The Timmons Group created and presented the Centerville Small Area Plan, a vision to guide future development over the next 10-20 years with an eye to preserving local, rural flavor. "Short Pump is very close and convenient to us. Centerville does not want or need to look like Short Pump," is characteristic of refrains heard during public comment at these meetings.

Local residents are already seeing residential developments springing up - Reader's Branch and Mosaic are a couple of the newer ones, with the Parke and Kinloch as more mature subdivisions. And Goochlanders can't help but notice the recent sale of The Pickle Barrel Restaurant property for $1.6 million, the demise of the truck and Exxon dealers at Hockett and Broad Street Roads, and FOR SALE signs along the I-64 and 288 corridor. What will the future bring?

Luck Stone, the Federal Reserve, Wawa, Main Street Homes, D.R. Horton, Eagle Construction and others have been suitors for land parcels up for sale in the area, with more in the wings.

This could be a great time to pick up land still zoned for agricultural use, but in the bullseye of the Centerville area targeted for prime commercial development, and now, 70+ acres that fit the bill are up for auction on September 13th. Four parcels, north and south of Three Chopt Rd, with road frontage and electricity are being offered for sale to the highest bidder(s).

For more information, please use the link below to visit the listing at Tranzon's website.

Link to auction website:

https://www.tranzon.com/fx2045a

Link to Goochland's Centerville Village Small Area Plan

https://www.goochlandva.us/1201/Goochland-County-Village-Plans-2022

About Tranzon:

In 2000, a group of real estate auctioneers banded together to create Tranzon, LLC, a nationwide network that revolutionized the way real estate professionals bring buyers and sellers together. Today, the Tranzon team features some of the most experienced real estate, marketing, and auction professionals in the business. Using Tranzon's Market-Making System (TM), a proven methodology for the accelerated sale of property, the company has conducted tens of thousands of successful commercial and residential auctions for clients including financial institutions, trusts, guardians, estates, and private individuals. All Tranzon companies are independently owned and operated. Tranzon Key, VAAF 423.

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

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

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

Business, Environment and Ecology, Free News Articles, Software

Aravenda Among Select Startups Chosen for Google Accelerator Program Dedicated to Supporting Women Founders

FAIRFAX, Va. -- Aravenda, a Techstars and VIPC portfolio company, has proudly secured a spot as 1 of 11 companies in the prestigious Google for Startups Accelerator: Women Founders. This significant accomplishment spotlights Aravenda's leadership in propelling innovation within the market of resale software, while simultaneously establishing a benchmark for sustainable practices in the resale market.

Aravenda's Consignment Software for small to mid-sized resale businesses, coupled with its white label enterprise products allows companies, governments, universities, and non-profits to reallocate and resell unused resources, improving sustainability on a global level.

"The impact we have on reducing carbon emissions is huge," said Carolyn Thompson, Founder & CEO of Aravenda.

"Every 25,000 pounds that are recycled monthly, reduces CO2 emissions by 1 million pounds a year. Consignment stores across the globe make major impacts, but large companies and organizations who choose us to automate their internal asset reallocation programs meet carbon neutrality goals 10x faster than they ever imagined by using our product."

Randy Howard, VP of IT and Customer Success at Aravenda added, "Being a part of the Google Accelerator program will help us continue what we have started and expand our product beyond the 10 countries where we currently serve clients."

The Women Founders cohort of Google's accelerator program is a powerful initiative designed to empower and uplift women-led businesses. Annual reports indicate that less than 3% of venture capital investments are granted to women. To fill this gap, programs like Google's Startup Accelerator create a space for women founders to propel their businesses. As a participant in this esteemed cohort, Aravenda will have the unique opportunity to receive specialized mentorship from Google experts, leverage the cutting-edge capabilities of Google's cloud computing resources, access crucial technical guidance, and benefit from invaluable networking with like-minded stakeholders.

This milestone underscores Aravenda's steadfast commitment to leading innovation in resale technology and fostering sustainable asset reallocation practices.

For more information about Aravenda, please visit https://www.aravenda.com/.

To learn more about Google Startups Accelerator: Women Founder cohort follow them on social media @Googleforstarups or meet the newest class of 2023 Women Founded Companies at https://developers.googleblog.com/2023/08/meet-google-for-startups-accelerator-women-founders-class-of-2023.html

RELATED LINKS:

https://www.techstars.com/

https://www.virginiaipc.org/

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

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

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

Business, Free News Articles, Real Estate, Restaurant, Hotel and Hospitality

Prime Kilmarnock, Va. Retail Space Up for Bid August 29 as Local Chef Retires After Over 20 Years of Service

KILMARNOCK, Va. -- In the riverine coastal community of Kilmarnock, Jackie Brown is a fixture, known as the head chef and shop proprietor of the Main Street establishment, "Carried Away Cuisine" kitchen and shoppe. What she's known for are her glass cases filled with delectable delights, according to auction firm Tranzon Key, whom Ms. Brown has hired to sell the real estate, kitchen equipment, furniture, and equipment as a package.

For over 20 years, in the combined space of two vintage storefronts, she -- along with sous chef sister Nancy -- feeds, caters, and supplies gourmet olive oils to locals and guests. Now, the sun is coming up over a new horizon in her life. "I'm not getting any younger, and my dream is to live in France!" said Ms. Brown. A woman of action, Jackie found a picturesque old home abroad and will own it come September.

As a huge Kilmarnock advocate, Jackie has actively participated in town civic affairs during her time there and has seen the historic town blossom with revitalization, with a new town-square gathering space, park and amphitheater, attractive streetlamps, and sidewalks. Main Street is the center of retail activity, and surveying it evokes feelings of idyllic enchantment amongst many.

The well-maintained, double-entry storefront that houses "Carried Away Cuisine" charms with vintage, art deco, patterned-tin ceilings, black and white checkerboard flooring, dry goods shelves, and cozy conversation niches.

The 2,500+/- sq. ft. building at 10 N. Main Street is a prime location for retail, restaurant, deli, coffee shop or the business of your choosing. Kitchen fixtures and equipment, as well as shoppe furnishings, sell with the real estate.

Online bidding ends August 29, 2023 at 11:30 a.m. ET.

Appointments are being accepted for an August 22, 2023 tour of the kitchen and prep areas.

For more information about the auction, visit Tranzon's auction listing: https://www.tranzon.com/fx2042

Learn about Kilmarnock in Lancaster County, VA: https://www.kilmarnockva.com/

About Tranzon:

In 2000, a group of real estate auctioneers banded together to create Tranzon, LLC, a nationwide network that revolutionized the way real estate professionals bring buyers and sellers together. Today, the Tranzon team features some of the most experienced real estate, marketing, and auction professionals in the business. Using Tranzon's Market-Making System(tm), a proven methodology for the accelerated sale of property, the company has conducted tens of thousands of successful commercial and residential auctions for clients including financial institutions, trusts, guardians, estates, and private individuals. All Tranzon companies are independently owned and operated. Tranzon Key, VAAF 423.

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

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

Business, Free News Articles, VAR and IT Consulting

For the 5th Time, Aligned Makes the Inc. 5000 at No. 2999

ALEXANDRIA, Va. -- Inc. revealed today that Aligned Technology Solutions ranks No. 2999 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment-its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

"Aligned Technology Solutions is thrilled to accept this prestigious award from Inc.," said Don Sauer, a co-founder of Aligned. "Securing our fifth consecutive position on an Inc. 5000 list is a testament to the exceptional skills of our dedicated team and the unwavering trust bestowed upon us by our remarkable clients."

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year's Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.

"Running a business has only gotten harder since the end of the pandemic," says Inc. editor-in-chief Scott Omelianuk. "To make the Inc. 5000-with the fast growth that requires-is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future."

"It's truly an honor to work with such skilled IT and cybersecurity professionals," said Gar Whaley, Aligned co-founder. "Their expertise allows Aligned Technology Solutions to be innovative, provide new job opportunities, and most importantly, deliver proven IT strategies that help our clients grow and secure their organization."

About Aligned Technology Solutions

Aligned is an award-winning service provider that has supported organizations in leveraging and managing their technology since 2010. Businesses gain a powerful marketplace advantage when they partner with Aligned because they gain access to the latest in IT outsourcing, cybersecurity, compliance, and cloud solutions. A core belief demonstrated by the Aligned team is that all partners deserve world-class concierge care from highly skilled professionals. Aligned achieved a notable accomplishment in June 2023, ranking 33rd on Channel Futures' esteemed list - MSP 501. In August of the same year, the organization made further strides in its security journey by obtaining the sought-after CompTIA Security Trustmark+ certification.

Leaders that want to maximize their IT - and allow it to become a truly strategic asset to their organization - partner with Aligned. For more information, visit our Aligned Technology Solutions website or follow us @AlignedTechnologySolutions on Facebook, Twitter, LinkedIn, and YouTube.

LEARN MORE: https://www.myalignedit.com/

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

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