Matrix’s DER Group closed several successful transactions throughout 2015.
As the most active transactional advisory services provider to downstream energy and convenience retailing companies, the Downstream Energy & Retail Group (DER Group) of Matrix Capital Markets Group Inc. successfully advised on 18 M&A transactions which closed in 2015.
The clients advised by DER Group in 2015 included public companies, multi-generational privately-held companies and a Foundation. Many of the 2015 transactions involved iconic companies and/or industry leaders, including; Warren Equities, Tedeschi Food Shops, Pester Marketing Company, Erickson Oil Products, Biscayne Petroleum and Everglades Petroleum and Kocolene Marketing. There were 17 different buyers in these transactions, including Global Partners LP, Petroleum Marketing Group, 7-Eleven Inc., CrossAmerica Partners LP, TravelCenters of America LLC, Sunoco LP, Quality Oil Company and World Fuel Services Inc. In addition to these transactions, the 12 investment bankers in the DER Group, who are solely dedicated to advising companies in these industries, managed a number of other confidential valuation and corporate advisory assignments.
“We congratulate all of our clients on their successes which, in many cases, represent the work of multiple generations. We thank them for the confidence and trust they had in our DER Group when they chose to exit the industry and we wish them all well in their next endeavors,” said Thomas Kelso, managing director and head of Matrix’s Downstream Energy and Retail Group.