Tag Archives: Mergers and Acquisitions

Breakthrough At-Home Vision Testing Platform Reinvents the Eye Exam with MIT Science and Telehealth

California firm ProNova Partners has been retained to develop major strategic partnership and acquisition relationships for a fully developed, clinically validated, FDA-registered at-home vision-testing platform now operating in more than 150 countries

LOS ANGELES, Calif., June 23, 2026 (SEND2PRESS NEWSWIRE) — Seventeen-year-old Mergers and Acquisitions firm ProNova Partners has announced it has been retained to develop major strategic partnership and acquisition relationships for a breakthrough at-home vision-testing technology built on optical science exclusively licensed from the Massachusetts Institute of Technology.

Image caption: ProNova Partners, Inc.

The platform lets a person measure their own vision with a smartphone and receive a doctor-generated eyeglass or contact lens prescription remotely, without a clinic visit. It spans seven FDA-registered medical devices and applications, and independent clinical trials have confirmed accuracy comparable to the in-office equipment used in a traditional eye exam.

More than 50,000 devices are in use across over 150 countries, built up over eight years of operation with zero product defects and zero litigation. The technology, while not meant to replace the traditional in-clinic eye exam, carries a full regulatory and quality stack, including ISO 13485 and HIPAA compliance, and is protected by more than two dozen issued patents.

“Every so often a technology quietly solves a problem an entire industry has worked on for decades,” said Terie Salinas, Chief Operating Officer of ProNova Partners. “This is one of those. It is fully built, clinically validated, and already in use worldwide. Our mandate is to bring the right strategic partners to it.”

The technology arrives as the roughly $60-billion U.S. vision-care market faces a growing shortage of eye-care providers, and as the traditional eye exam — essentially unchanged for two centuries — becomes the next consumer-health category reshaped by telehealth and artificial intelligence.

“We have completed more than 500 transactions across many arenas, including the medical-device, healthcare, and technology space,” Salinas said. “That is exactly the experience a platform like this requires.”

Company details are available to qualified parties upon execution of a standard non-disclosure agreement.

For detailed information go to https://pronovapartners.com/engagement/patented-at-home-vision-testing-platform-for-sale/

PRESS CONTACT INFORMATION:
Terie Salinas
Chief Operating Officer
ProNova Partners, Inc.
Terie@ProNovaPartners.com
714-580-6888
https://www.pronovapartners.com/

NEWS SOURCE: ProNova Partners

This press release was issued on behalf of the news source (ProNova Partners), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/breakthrough-at-home-vision-testing-platform-reinvents-the-eye-exam-with-mit-science-and-telehealth/

Book Printer DiggyPOD’s Parent Company Acquires Long Overdue Books, Creating a Full-Service Home for Independent Authors

Acquisition unites Chicago-based publisher with Michigan's DiggyPOD to serve authors from idea to audience

TECUMSEH, Mich., June 10, 2026 (SEND2PRESS NEWSWIRE) — The parent company of DiggyPOD, Everbrook Holdings, announced the acquisition of Long Overdue Books, a Chicago-area publishing company known for guiding authors from first draft to finished book. The deal closed on May 15, 2026, and brings Long Overdue Books into the Everbrook family alongside DiggyPOD. DiggyPOD is a Tecumseh, Michigan–based book printer that became Everbrook’s first portfolio company in June 2025.

Image caption: DiggyPOD’s Parent Company Acquires Long Overdue Books.

As part of the transaction, Long Overdue Books founder Chris O’Brien joins Everbrook as Vice President of Author Services, where he will lead the build-out of a full-service suite, spanning ghostwriting, editing, design, printing, and marketing.

For more than three decades, DiggyPOD has been a trusted partner to thousands of self-published authors, earning a reputation for high-quality print-on-demand production and award-winning customer service. Long Overdue Books, founded by O’Brien in 2020, has helped authors navigate the often-confusing world of independent publishing — handling editing, design, and shepherding writers through every step of bringing a book into the world. Long Overdue Books has been a DiggyPOD customer for years, making the combination a natural fit on both a business and cultural level.

“DiggyPOD is exceptional at what it does — it gets beautiful books into authors’ hands,” said Anica John, CEO of DiggyPOD. “But printing is only one chapter of our authors’ journey. Most self-published authors are managing different freelancers for book editing and design, while they learn publishing on the fly. Bringing Long Overdue into the family means we can now walk with authors from the moment they have an idea to helping readers discover their book. Chris has spent his career championing authors, and there’s no one I’d rather have leading this work.”

“Writing a book is a deeply fulfilling experience, but it can be a little lonely,” said Chris O’Brien, Vice President of Author Services at Everbrook Holdings. “Finding an editor, a book designer, navigating the different publishing options — let alone actually writing the book — authors shouldn’t have to figure all that out alone. Anica’s vision for a full-service, end-to-end pathway is exactly what Long Overdue Books was trying to achieve, and I’m honored to join the Everbrook family to build it.”

Together, DiggyPOD and Long Overdue Books will offer authors a one stop shop that serves them from developing their book idea to finding an audience for their finished product. Both companies will continue to operate under their existing brands, with Long Overdue’s Chicago-area operations and DiggyPOD’s Tecumseh facility remaining in place.

ABOUT EVERBROOK HOLDINGS

Everbrook Holdings is a holding company building a family of businesses dedicated to serving creators. They are starting with a focus on independent and self-published authors. Founded and led by Anica John, Everbrook’s portfolio includes DiggyPOD and Long Overdue Books.

ABOUT DIGGYPOD

Founded in 1988 and headquartered in Tecumseh, Michigan, DiggyPOD is a leading print-on-demand company serving self-published authors. Over more than two decades, DiggyPOD has helped thousands of authors bring their books to print with high-quality, affordable production and award-winning customer service. Learn more at https://diggypod.com/.

ABOUT LONG OVERDUE BOOKS

Long Overdue Books is a Chicago-area publishing company that helps authors take their stories from first draft to finished book. Founded in 2020 by Chris O’Brien, Long Overdue Books has guided dozens of authors through writing, editing, design, and publishing. Published titles include: “Heart & Sole” by Omar Bailey, “Safe Landing” by the Borchers siblings, and “Acrimons: The Awakening” by Clayton Keith. Learn more at https://longoverduebooks.com/.

MULTIMEDIA:

Image link for media: https://www.Send2Press.com/300dpi/26-0610-s2p-diggypod-lo-300dpi.webp

Image caption: DiggyPOD’s Parent Company Acquires Long Overdue Books.

NEWS SOURCE: Everbrook Holdings

This press release was issued on behalf of the news source (Everbrook Holdings), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/book-printer-diggypods-parent-company-acquires-long-overdue-books-creating-a-full-service-home-for-independent-authors/

The Hercules Portfolio of Andromeda Software Inc., an Operating Group of Constellation Software Inc. (TSX: CSU), Acquires Peocit Software Solutions Pvt. Ltd.

Peocit provides banking and lending solutions to financial institutions across India

HUNT VALLEY, Md. and PUNE, India, May 18, 2026 (SEND2PRESS NEWSWIRE) — The Hercules Portfolio of Andromeda Software Inc. (“Andromeda”), an operating group of Constellation Software Inc. (TSX: CSU), announced that it has acquired Peocit Software Solutions Pvt. Ltd. (“Peocit”). Founded in 2002, Peocit is a provider of core banking and lending software solutions and services with multi-lingual functionality, serving more than 4,000 cooperative societies, non-banking financial companies (NBFCs) and other financial institutions across India. Through this acquisition, Peocit joins the Hercules Portfolio and will continue delivering its solutions and services across the financial services sector.

Image caption: Andromeda Software Inc.

The acquisition strengthens Andromeda’s portfolio of software and technology businesses by adding Peocit’s specialized banking technology capabilities and its established customer relationships throughout India. Peocit has built its reputation by delivering reliable solutions that help institutions manage core operations, streamline lending workflows and improve the overall customer experience. This acquisition also reflects Andromeda’s continued commitment to growing its presence in India and expanding its international portfolio through Hercules.

“Peocit is exactly the kind of business we look for: strong products, loyal customers and a team that has built something that genuinely matters to the people it serves,” said Bonnie Wilhelm, Andromeda’s chief executive officer. “India’s financial services sector is one of the most dynamic in the world, and Peocit is well-positioned within it. What we offer is more than capital; it is a permanent home. Constellation Software has a long and proven track record of acquiring businesses and holding them forever, investing in their growth and their people for the long term. We are proud to welcome Peocit into the Andromeda family and committed to being the kind of partner they, and their customers, can count on for decades to come.”

Peocit founders Abhijit Nangare, Deepak Surana and Shrikant Mulay stated: “Joining the Andromeda family marks a significant milestone for Peocit and the team we have built. From our earliest conversations, it was clear that this partnership was rooted in a shared commitment to our customers and our people. We are confident that Andromeda is the right home for Peocit. This will ensure not only the business’s longevity but also its sustained growth. As founders, we are proud of what Peocit has achieved. Together with Andromeda, we will continue delivering best-in-class software products with unmatched customer service, unlocking tremendous value for every stakeholder.”

Terms of the deal were not disclosed.

About the Andromeda Operating Group of Constellation Software Inc.

Andromeda Software Inc., an operating group of Constellation Software Inc., acquires and invests in software companies that provide mission-critical solutions for the industries they serve. For more information, visit https://www.csiandromeda.com/.

NEWS SOURCE: Andromeda Software Inc.

This press release was issued on behalf of the news source (Andromeda Software Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/the-hercules-portfolio-of-andromeda-software-inc-an-operating-group-of-constellation-software-inc-tsx-csu-acquires-peocit-software-solutions-pvt-ltd/

HostPapa Completes Acquisition of Tailor Made Servers

DALLAS, Texas and BURLINGTON, Ontario, Canada, April 17, 2026 (SEND2PRESS NEWSWIRE) — HostPapa, Inc., a leading global web hosting and cloud service provider, today announced that it has completed the acquisition of Tailor Made Servers (“TMS”), a Dallas, Texas-based dedicated server hosting provider that has been serving businesses and resellers since 2003.

Image caption: HostPapa Completes Acquisition of Tailor Made Servers.

This acquisition enhances HostPapa’s dedicated server offerings under its ColoCrossing brand, bringing more flexibility with customizable unmanaged servers, built-in DDoS protection, and an established base of long-standing customers. The Dallas data center also expands HostPapa’s presence in the United States, complementing its existing infrastructure footprint.

Customers of TMS can expect continuity in the service they rely on today, with access to expanded resources, infrastructure, and support from the HostPapa organization. HostPapa is focused on delivering a seamless transition for all existing TMS customers while maintaining the high standard of service TMS has built over more than two decades.

“We’re excited to welcome Tailor Made Servers into the HostPapa family,” said Jamie Opalchuk, Founder & CEO of HostPapa. “TMS has built a loyal customer base over more than 20 years by delivering reliable, customizable dedicated server solutions at competitive prices. This acquisition is a natural fit for our infrastructure hosting strategy and reinforces our commitment to providing businesses with the full spectrum of hosting solutions – from shared hosting and cloud services to dedicated bare-metal servers.”

This acquisition supports HostPapa’s broader growth strategy, expanding its product offerings and strengthening its infrastructure to better serve customers and partners over the long term. TMS joins a growing portfolio of brands under the HostPapa umbrella, including Hostopia, ColoCrossing, and CloudBlue.

About HostPapa

HostPapa Inc. (www.hostpapa.com) is a leading Canadian web hosting and cloud services provider dedicated to helping small and medium-sized businesses (SMBs) succeed online. Through its suite of brands, including HostPapa, Hostopia, ColoCrossing, and CloudBlue, the company offers website hosting, cloud services, infrastructure, security solutions, productivity tools, and managed services. HostPapa is also a key partner to telcos and service providers worldwide, delivering white-label solutions and partner-focused platforms for cloud and subscription enablement.

About Tailor Made Servers

Tailor Made Servers (www.tailormadeservers.com) has been providing customizable unmanaged dedicated server hosting solutions since 2003. Based in Dallas, Texas, TMS specializes in high-performance bare-metal servers built to customer specifications, featuring Intel and AMD processors, DDoS protection, and 24/7 hardware monitoring. TMS serves a diverse customer base of businesses and resellers requiring reliable, cost-effective dedicated server infrastructure.

IMAGE link for media: https://www.Send2Press.com/300dpi/26-0417-s2p-hostpapa-300dpi.webp

Image caption: HostPapa Completes Acquisition of Tailor Made Servers.

NEWS SOURCE: HostPapa Inc.

This press release was issued on behalf of the news source (HostPapa Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/hostpapa-completes-acquisition-of-tailor-made-servers/

Class Valuation expands New York presence with acquisition of Lauritano Appraisal Services

Acquisition strengthens regional expertise while enhancing technology-driven valuation capabilities

TROY, Mich., April 16, 2026 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading real estate appraisal management company (AMC), announced today that it has acquired Lauritano Appraisal Services (LAS), a highly respected New York-based residential appraisal firm with more than 30 years of experience delivering high-quality valuation services.

Image caption: Class Valuation.

As of March 16, LAS is operating as a division of Class Valuation, expanding the company’s presence in the Northeast and strengthening its regional expertise in luxury and complex properties. The combined organization provides clients with access to a broader range of valuation solutions, including alternative valuation products, enhanced data and analytics capabilities and new efficiencies through Class Valuation’s technology. All this while maintaining the high standards of service and client relationships that have defined LAS for decades.

“We’ve always focused on delivering high-quality service while staying at the forefront of appraisal efficiency,” said Tom Lauritano, CEO of Lauritano Appraisal Services. “As the industry continues to evolve, partnering with Class Valuation allows us to accelerate innovation, modernize processes and bring our clients into the future of residential appraising.”

“Lauritano Appraisal Services has built a strong reputation for quality, compliance and customer service in one of the most complex appraisal markets in the country,” said John Fraas, CEO of Class Valuation. “With Lauritano now part of Class Valuation, we’re bringing together their specialized knowledge of luxury and complex New York properties with our technology to deliver greater efficiency, consistency and innovation for our clients.”

ABOUT CLASS VALUATION:

Class Valuation is a leading nationwide appraisal management company (AMC) renowned for its commitment to fast turn times, exceptional quality and unparalleled client service. The company leverages a powerful combination of skilled professionals, innovative products, optimized processes and advanced technology to empower lenders in fulfilling homeownership dreams. Consistently recognized by top mortgage lenders for its outstanding performance, Class Valuation has also earned accolades as a top workplace and received numerous industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit https://www.classvaluation.com.

X: @ClassValuation #appraisal #valuation #lending

NEWS SOURCE: Class Valuation

This press release was issued on behalf of the news source (Class Valuation), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/class-valuation-expands-new-york-presence-with-acquisition-of-lauritano-appraisal-services/

By Light To Acquire Digitas Technologies

MCLEAN, Va., Feb. 10, 2026 (SEND2PRESS NEWSWIRE) — By Light Professional IT Services LLC (By Light), a leading provider of Modeling & Simulation and Cyber products and solutions and a portfolio company of Sagewind Capital LLC (Sagewind), today announced that it has acquired Dignitas Technologies (Dignitas), a leading provider of Modeling, Simulation, & Training (MS&T) products and solutions. Financial terms of the transaction were not announced.

Image caption: By Light Professional IT Services LLC (By Light).

Headquartered in Orlando, Florida, Dignitas is dedicated to understanding customer MS&T needs and providing specialized, architecture-centric, agile solutions to meet those challenges. The Company specializes in system and software analysis, design, development, testing, and fielding of mission rehearsal applications. Dignitas delivers products and services supporting U.S. Army, Navy, Air Force and Marine Corps customers across the F35 program, Advanced Computer-Based Training Systems (ACTS II), Next Generation Constructive (NGC) and many others.

“The acquisition of Dignitas strategically broadens By Light’s existing capabilities within modeling & simulation and virtual training,” said Bob Donahue, Founder and CEO of By Light. “Dignitas expands our product and solutions offering in the critical areas of cyber training, virtual cyber effects and live, virtual and constructive training in multi-echelon simulations across the DoD. We’re excited to add these capabilities into By Light’s synthetic training ecosystem.”

Elizabeth Burch, CEO of Dignitas Technologies, offered, “We are excited to join By Light, who supports the mission and warfighter the same as we do. Our companies have been working together for years as partners, and this just solidifies our relationship and brings greater capabilities to our customers and opportunities for our employees. By Light is a perfect fit for us as we move into our next exciting chapter of growth.”

STS Advisors and Shuffield Lowman advised Dignitas on the Transaction.

Goodwin Proctor and Morrison Foerster advised By Light on the Transaction.

ABOUT DIGNITAS

Dignitas Technologies is dedicated to understanding customer MS&T needs and providing specialized, architecture-centric, agile solutions. The Company specializes in system and software analysis, design, development, testing, and fielding of MS&T and mission rehearsal applications. For more information, see https://www.dignitastechnologies.com/.

ABOUT BY LIGHT

By Light, headquartered in Mclean, VA, is a leading supplier of products and services to Defense, National Security and Global Markets in the areas of Modeling & Simulation and Cyber. The Company delivers the Army’s Synthetic Training Environment (STE), Reconfigurable Virtual Collective Trainer (RVCT) along with High Fidelity Flight Trainers for the UH-60, CH47, CH-53, CV-22 and many others. For the latest on By Light’s portfolio of Products and Solutions, visit https://bylight.com/.

ABOUT SAGEWIND

Sagewind is a New York-based middle-market private equity firm. Sagewind seeks to partner with exceptional management teams and focuses on significant capital appreciation by helping businesses grow organically and through strategic acquisitions in the defense and government technology sector. For more information, please visit https://www.sagewindcapital.com/.

MULTIMEDIA

By Light link for media: https://www.Send2Press.com/300dpi/25-0716-s2p-bylight-300dpi.jpg

NEWS SOURCE: By Light Professional IT Services

This press release was issued on behalf of the news source (By Light Professional IT Services), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/by-light-to-acquire-digitas-technologies/

ACES Quality Management Acquires Basecap Analytics, Expanding Enterprise Data Quality Capabilities

DENVER, Colo., Jan. 27, 2026 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, today announced its acquisition of Basecap Analytics, an established enterprise data quality platform trusted by leading financial institutions. The acquisition enhances ACES’ ability to deliver end-to-end quality management by expanding its platform to include enterprise-wide data quality automation.

Image caption: ACES Quality Management.

Integrating the BaseCap platform expands the capabilities of ACES Quality Management & Control Software® to include advanced data validation and more intelligent quality control functionality. This unified platform empowers lenders and financial institutions to automate processes from data ingestion through defect identification while ensuring greater accuracy and compliance. By combining ACES’s proven enterprise audit automation with BaseCap’s dynamic rule-based data engine, ACES will deliver an even more powerful way to manage risk, streamline workflows and elevate quality across the enterprise.

“ACES and Basecap share a common mission to improve quality, confidence, transparency and compliance in financial services through technology built with the customer in mind,” said Trevor Gauthier, chief executive officer of ACES Quality Management. “By bringing together our talented teams and combining Basecap’s proven technology with ACES’ industry-leading platform and people-first approach, we’re enhancing our ability to help financial institutions achieve greater accuracy, consistency and control across their quality management programs.”

Founded in 2016, BaseCap Analytics delivers data quality solutions that directly connect to enterprise loan data to help financial institutions monitor and test data at scale, surface defects earlier and strengthen operational performance. Its products support key use cases such as population testing to uncover pockets of risk, automated data quality checks across the enterprise and loan acquisition quality reviews that improve customer experience and reduce costs.

“I’m proud of what the BaseCap team and my co-founder, Nicolas Guillen, have built and grateful to the customers who trusted us with critical, enterprise-scale work,” said Steven Smith, chief executive officer and co-founder of BaseCap Analytics. “BaseCap reached a pivotal moment where pairing its innovation with greater scale and distribution unlocks the next phase of growth. Our platform already supports some of the largest and most complex financial institutions, and combining it with ACES creates an even stronger foundation for what comes next.”

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

Over 70% of the top 20 independent mortgage lenders;
7 of the top 10 loan servicers;
11 of the top 30 banks; and
3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, ACES Flexible Audit Technology® enables independent mortgage lenders and financial institutions to easily manage and customize the system to their specific needs without relying on IT or outside resources. With ACES’ AI-powered capabilities, audit teams can translate complexity into clear insights and accelerate performance.

Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

NEWS SOURCE: ACES Quality Management

This press release was issued on behalf of the news source (ACES Quality Management), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/aces-quality-management-acquires-basecap-analytics-expanding-enterprise-data-quality-capabilities/

Rice Park Acquires Rosegate Mortgage, Enhancing End-to-End Mortgage Capabilities and MSR Investment Platform

CHARLOTTE, N.C. and PLYMOUTH, Minn., Nov. 14, 2025 (SEND2PRESS NEWSWIRE) — Rice Park Capital Management LP (“Rice Park”), a Minneapolis-based private investment firm specializing in mortgage servicing rights (MSRs), announced today that it has acquired Rosegate Mortgage, LLC (“Rosegate Mortgage”), NMLS #2020757, a retail and consumer-direct mortgage lender headquartered in Charlotte, NC. This strategic acquisition expands Rice Park’s capabilities across the mortgage value chain, supporting both MSR recapture and retention strategies while reinforcing its commitment to supporting originator partners.

Image caption: Rice Park Acquires Rosegate Mortgage, Enhancing End-to-End Mortgage Capabilities and MSR Investment Platform.

The integration of Rosegate allows Rice Park to selectively perform recapture across its MSR holdings, which Rice Park believes will enhance returns and mitigate prepayment risk, while maintaining its strong alignment with third-party originators who rely on Rice Park for capital solutions, MSR liquidity and customer retention. To manage this dynamic, Rice Park has developed a dual-channel strategy:

For MSR acquisitions with embedded recapture partnerships, Rice Park will support and respect those relationships.
For MSRs without an embedded recapture agreement, Rice Park will utilize Rosegate to pursue recapture directly.

“Acquiring Rosegate enables us to offer a fully integrated mortgage investment platform that we believe enhances value for our investors through improved servicing retention and strategic recapture,” said Craig Freel, President and co-Chief Investment Officer of Rice Park. “At the same time, we remain fully committed to our originator and servicer partners. Our platform is designed to offer flexibility—providing capital and MSR solutions that preserve and support our partners’ customer relationships.”

Rice Park and Rosegate initially partnered in October 2024 to provide financing solutions for borrowers within Rice Park’s MSR portfolio, which includes approximately $61 billion in unpaid principal balance [*note 1] serviced through its affiliate, Nexus Nova LLC (“Nexus Nova”), NMLS # 2082961. Under the new structure, Rosegate and Nexus Nova are combined into a single operating entity within Rice Park’s organizational structure.

Rosegate will continue to operate under its existing brand, maintaining its headquarters in Charlotte, NC, and expanding its retail and consumer-direct lending operations.

“We’re thrilled to be integrated with Rice Park and are excited to build out what we believe will be a high quality servicing retention and recapture model,” said Bryce Bradley, President & CEO of Rosegate Mortgage. “We are committed to being a leading place for customers to obtain a home loan and a great place for our team-members to work. Now within the Rice Park family, we are able to introduce ourselves to more customers and provide a high quality experience while continuing to enhance our organization and grow both the consumer-direct and retail lending channels.”

About Rice Park Capital Management LP

Rice Park is a private investment firm managing capital of institutional investors, family offices and high net worth individuals. Its investment focus is to deliver cycle-resistant returns by unlocking value in complex opportunities in the residential and commercial mortgage and real estate sectors.

Learn more about Rice Park at https://riceparkcapital.com/.

No Offer or Solicitation. This press release is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities.

Registered Investment Advisor. Rice Park is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Forward-Looking Statements. This press release contains forward-looking statements. These forward-looking statements include statements about the plans, strategies, and prospects of Rice Park. These statements are based on our current expectations and projections about future events. The words “may,” “will,” “feel,” “should,” “expect,” “scheduled,” “plan,” “seek,” “intend,” “anticipate,” “believe,” “estimate,” “aim,” “potential” or “continue” or the negative of those terms or other similar expressions are intended to identify forward-looking statements and information. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. These forward-looking statements are based on assumptions and estimates by the management of Rice Park that, although believed to be reasonable, are inherently uncertain and subject to risks and uncertainties that could cause actual results to differ from historical results or those anticipated or predicted by such forward-looking statements. In light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not, in fact, occur. Rice Park undertakes no obligation to update or revise any forward-looking statement after the date of this press release as a result of new information, future events, or otherwise, except as required by law. Rice Park qualifies all of our forward-looking statements by these cautionary statements.

Nexus Nova LLC, NMLS ID: 2082961 https://www.nmlsconsumeraccess.org/

CITATION:
[1] As of November 1, 2025

NEWS SOURCE: Rosegate Mortgage

This press release was issued on behalf of the news source (Rosegate Mortgage), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/rice-park-acquires-rosegate-mortgage-enhancing-end-to-end-mortgage-capabilities-and-msr-investment-platform/

Matrix Advises TBC Corporation on the Sale of Midas International to Mavis Tire

RICHMOND, Va., and BALTIMORE, Md., June 16, 2025 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. has advised TBC Corporation on the sale of Midas International, LLC, a franchisor of automotive repair and maintenance services, to Mavis Tire Express Services Corp., a leading provider of automotive repair and maintenance services and one of the largest independent tire and service providers in North America.

Image caption: Matrix Capital Markets Group.

Midas is a globally recognized automotive service brand with more than 2,000 franchised and licensed stores in roughly 20 countries, including nearly 1,200 franchised locations across the United States and Canada. For over six decades, Midas and its franchisees have provided comprehensive auto care services ranging from brake and exhaust repair to tires, oil changes, and other vehicle maintenance.

The transaction marks a significant milestone for TBC, a joint venture between Sumitomo Corporation of Americas and Michelin North America, Inc., as it continues to focus on innovation and growth in its core wholesale and distribution business and expand its Big O Tires franchise operations.

With the close of this transaction, Mavis’s retail footprint across its brands will span more than 3,500 stores in the United States and Canada, including nearly 1,300 franchised locations. Midas will continue to operate as a standalone brand under the Mavis platform and maintain its headquarters in Palm Beach Gardens, Florida.

Matrix provided merger and acquisition advisory services to TBC, which included valuation advisory, conducting a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Stephen Lynch, CPA, CFA, Managing Director; Kyle Tipping, CFA, Vice President; James Mickelinc, CPA, Senior Associate; and Ethan Sannes, Analyst.

Don Byrd, Chief Executive Officer of TBC Corporation, commented, “We greatly appreciate the professionalism, responsiveness, and attention to detail that the Matrix team demonstrated throughout every phase of the transaction. Their team played a critical role in not only expertly executing the sale process but also in providing thoughtful guidance that helped us navigate the transaction with clarity and confidence.”

“We are honored to have advised TBC on this transformative transaction,” said Mr. Lynch. “Midas has a storied legacy and continues to be a trusted brand within the automotive services industry. We are grateful to have been a part of this story, and we believe Mavis is well-positioned to support the continued success of the Midas franchise network.”

Bradley Edmister of Venable LLP served as legal counsel for TBC.

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 an additional office in Baltimore, MD. 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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Matrix’s automotive aftermarket practice provides advisory services to automotive service and repair centers, tire dealers, quick lube oil change facilities, car wash chains, collision and glass repair, brick-and-mortar and e-commerce retailers of automotive parts and accessories, distributors of tires and automotive parts, and manufacturers of OEM and aftermarket parts. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

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

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NEWS SOURCE: Matrix Capital Markets Group Inc.

This press release was issued on behalf of the news source (Matrix Capital Markets Group Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/matrix-advises-tbc-corporation-on-the-sale-of-midas-international-to-mavis-tire/

Class Valuation expands private lending capabilities with acquisition of Appraisal Nation

TROY, Mich., April 8, 2025 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading national real estate appraisal management company (AMC), today announced the strategic acquisition of Appraisal Nation, a Cary, North Carolina-based AMC specializing in comprehensive valuation solutions for the private lending market.

Image caption: Class Valuation.

This acquisition significantly expands Class Valuation’s footprint in the rapidly growing private lending sector, enhancing its service offerings and market reach. By integrating Appraisal Nation’s expertise, Class Valuation reinforces its commitment to delivering exceptional customer service and best-in-class appraisal experiences.

“Welcoming Appraisal Nation to the Class Valuation family is a key step in our strategy to modernize the appraisal process and strengthen our position in important market segments,” said John Fraas, CEO of Class Valuation. “By combining Appraisal Nation’s specialized expertise with our own technology and resources, we are better poised to deliver exceptional value for private lenders.”

Appraisal Nation’s team will continue to focus on specialty lending products while seamlessly integrating into the Class Valuation family. Appraisal Nation’s customers will gain immediate access to Class Valuation’s industry-leading technology and extensive network of highly qualified valuation analysts.

To capitalize on this synergy, Class Valuation is launching a dedicated Private Lending segment with Appraisal Nation founder Michael Tedesco at the helm. Tedesco’s deep industry knowledge, experience and meaningful long-term relationships in private lending will drive the growth and success of this new segment.

Said Tedesco, “Doing what’s best for our clients has always been a cornerstone of our mission, and joining Class Valuation is a natural step forward in expanding our ability to elevate service standards across the appraisal industry. As technology evolves and private markets become more institutionalized, service providers must do more than simply support their clients. They must help them adapt. With Class Valuation’s resources and technology, our clients will have the advantages they need to excel in a rapidly changing market.”

About Class Valuation

Class Valuation is a leading nationwide Appraisal Management Company (AMC) renowned for its commitment to fast turn times, exceptional quality and unparalleled client service. The company leverages a powerful combination of skilled professionals, innovative products, streamlined processes and advanced technology to empower lenders in fulfilling homeownership dreams. Consistently recognized by top mortgage lenders for its outstanding performance, Class Valuation has also earned accolades as a top workplace and received numerous industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit https://www.classvaluation.com/.

Tags: @ClassValuation @AppraisalNation #mergersandacquisitions #appraisal #valuation #lending

NEWS SOURCE: Class Valuation

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MMI Strengthens Mortgage Tech Leadership in Q1 2025 with MonitorBase Acquisition and Major Platform Enhancements

SALT LAKE CITY, Utah, April 2, 2025 (SEND2PRESS NEWSWIRE) — Mobility Market Intelligence (MMI), the industry’s leading mortgage and real estate data solutions provider, announces major Q1 2025 platform enhancements alongside its strategic acquisition of borrower monitoring and predictive analytics leader, MonitorBase. These initiatives solidify MMI’s position as The Ultimate Lead-to-Loan Growth Platform™, providing mortgage professionals with unparalleled data intelligence, automation, and borrower engagement tools.

Image caption: MMI, Bonzo and MonitorBase bundled into one simple solution.

MonitorBase Acquisition: Strengthening Borrower Insights

The acquisition of MonitorBase enhances MMI’s ability to deliver predictive borrower insights, allowing loan officers to anticipate client needs and act on high-intent opportunities before competitors. By integrating MonitorBase’s real-time borrower retention alerts and pre-mover insights with MMI’s market intelligence and Bonzo’s automated communication capabilities, the combined platform offers a seamless, data-driven approach to mortgage success.

Q1 2025 Platform Enhancements

MMI also launched key enhancements across its ecosystem, such as Pathways Home™, which helps homeowners become more engaged and educated with their property by leveraging data like real-time property valuations, loan insights, and market trends. Other rollouts provide mortgage professionals with new tools to identify opportunities, engage clients more effectively, and grow their business:

New MMI Experience – A modernized data platform with improved navigation, faster performance, and enhanced rankings that let loan officers, lenders, and brokers benchmark themselves by loan type, geography, and tenure.
Pathways Home – This property intelligence tool empowers homeowners with real-time property valuation, interactive loan visualizations, and financial decision tools—turning complex mortgage data into clear, actionable insights while helping mortgage professionals maintain lasting, value-driven relationships with their clients.\
Enhanced MonitorBase Alerts – Improved pre-mover detection, expanded equity alerts, and new mortgage insurance removal alerts help loan officers proactively connect with borrowers who are primed for new financing opportunities.
Refinder Integration in Bonzo – Enables loan officers to identify refinance and equity opportunities within their database, supporting proactive borrower retention campaigns.
Content Studio for Marketing Materials – A robust platform to easily create and share branded marketing collateral, giving mortgage professionals a streamlined approach to creating professional materials with customizable templates and advanced brand management features.
Bonzo Infrastructure Improvements – Enhanced performance, increased reliability, and expanded capacity ensure that mortgage professionals can scale their operations without performance delays, driving more efficiency in daily workflows.

Sales & Marketing: Bundling Solutions for Maximum ROI

MMI continues expanding its market presence and delivering greater value with bundled solutions, helping customers replace outdated, overpriced, and underutilized technology with a high-ROI, integrated solution. The company recently joined Lenders One as a Preferred Provider, giving its suite of tools broader exposure within a network of leading mortgage companies. Other initiatives include the delivery of branded navigational updates across its digital platforms to create a seamless, unified customer experience. Additionally, MMI launched a new Solutions Hub, which has already attracted thousands of visitors in its first month, signaling strong market interest.

“Our Q1 2025 upgrades and the acquisition of MonitorBase reflect our commitment to advancing the mortgage industry with cutting-edge technology,” said Ben Teerlink, Founder and CEO of MMI. “By enhancing our platform with powerful consumer tools such as the real-time property intelligence platform, Pathways Home, and introducing industry-focused upgrades—including advanced borrower insights, expanded data intelligence, and automation—we empower professionals to engage clients, identify opportunities, and grow their business with unrivaled efficiency. Furthermore, by offering bundled solutions at a single, simple price, we’re enabling customers to replace outdated, overpriced, and underutilized tech with an integrated, high-ROI platform that empowers mortgage professionals to stay ahead in an increasingly competitive market.”

About MMI

MMI is the industry’s leading provider of mortgage and real estate data solutions, offering The Ultimate Lead-to-Loan Growth System through its powerful combination of MMI, MonitorBase and Bonzo. This integrated platform connects data, automation, and engagement to help professionals maximize borrower and agent opportunities with precision and efficiency.

By leveraging MMI’s market intelligence, MonitorBase’s predictive analytics, and Bonzo’s CRM and marketing automation, users can seamlessly identify high-intent borrowers and top-performing agents, access real-time listing alerts, and launch proactive refinance and equity campaigns—all from a single ecosystem. Whether tracking mortgage-ready clients, verifying credit eligibility, or automating outreach, MMI’s platform of products ensures lenders and real estate professionals stay ahead of the competition. Additionally, property intelligence toolset, Pathways Home, offers homeowners a comprehensive, personalized view of their largest investment while creating lasting connections with their mortgage professional.

For more information, visit mmi.io or contact sales@mmi.io.

NEWS SOURCE: Mobility Market Intelligence

This press release was issued on behalf of the news source (Mobility Market Intelligence), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mmi-strengthens-mortgage-tech-leadership-in-q1-2025-with-monitorbase-acquisition-and-major-platform-enhancements/

Treadstone 71 Capital Asset Sale Announced

FORT MYERS, Fla., Feb. 18, 2025 (SEND2PRESS NEWSWIRE) — Treadstone 71, known for two decades of high-level intelligence, counterintelligence, and cognitive warfare training, opens its complete asset portfolio for purchase. Corporate and government clients have long relied on the brand’s unique skill-building curricula, research materials, and consulting expertise.

Image caption: Treadstone 71.

Potential buyers acquire a training catalog and artifact library with copyrights spanning deception planning, disinformation strategies, cyber intelligence, counterintelligence, and cognitive warfare. Substantial revenue opportunities appear through self-paced online courses, workshops, and hands-on case studies.

The offering is not a fire sale! The portfolio showcases meticulously curated intelligence frameworks, case studies, and proprietary methodologies developed through rigorous research and real-world applications. The collection reflects Treadstone 71’s investigative acumen, covering state adversaries such as Russia, Iran, and China with depth and precision. Intelligence programs built on these insights have shaped the capabilities of elite professionals in the field, making this offering a unique investment.

White papers, intelligence briefs, program build methods, and structured frameworks bolster marketing and client engagement, while Treadstone71.com and the online Cyber Intelligence Training Center platforms provide scalable subscriptions, tiered certifications, and an extensive body of training materials. Buyers step into a turnkey intelligence operation capable of immediate market expansion.

Treadstone 71 also boasts an extensive digital footprint, reaching over 300,000 followers and subscribers across X (formerly Twitter), LinkedIn, Substack, Telegram, YouTube, and the Cybershafarat blog. The established online presence enhances brand recognition and ensures continued market influence for any buyer looking to capitalize on an engaged, security-conscious audience.

The sale includes a strategic content library that has shaped global security insights, fostering a ready-made training infrastructure with embedded credibility. Institutions looking to expand their foothold in intelligence operations or launch advanced counterintelligence education will find this acquisition a significant force multiplier in an industry demanding precision, expertise, and trust.

Investors secure not only an established brand but also a recognized authority in intelligence training. The Treadstone 71 name holds unparalleled influence in the intelligence and security communities, making this a rare opportunity for those seeking entry or dominance in the sector.

Serious inquiries only. Contact Treadstone 71 at info@treadstone71.com for details and guidance on the structured bidding process. Offers move quickly, welcoming contenders who recognize the strategic value of advanced intelligence, counterintelligence, and cognitive warfare solutions.

About Treadstone 71:

Treadstone 71 has delivered elite intelligence, counterintelligence, and cognitive warfare training for over 23 years. Serving corporate and government sectors, the company develops advanced security methodologies that address modern-day threats with unrivaled expertise. Organizations seeking to fortify their security posture have long relied on Treadstone 71’s training, research, and advisory services.

More information is available at Treadstone 71 Strategic Asset Acquisition Opportunity.

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NEWS SOURCE: Treadstone 71

This press release was issued on behalf of the news source (Treadstone 71), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/treadstone-71-capital-asset-sale-announced/

MMI Announces Strategic Acquisition of MonitorBase, a Borrower Monitoring and Predictive Analytics Platform

SALT LAKE CITY, Utah, Feb. 13, 2025 (SEND2PRESS NEWSWIRE) — Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, has acquired MonitorBase, a borrower monitoring and predictive analytics platform. This acquisition, following MMI’s recent addition of Bonzo, a CRM and conversation platform, unites data intelligence, borrower monitoring, and automated engagement into a seamless, end-to-end system for mortgage professionals.

Image caption: Mobility Market Intelligence (MMI).

By integrating these three platforms, MMI delivers The Ultimate Lead-to-Loan Growth System™, enabling lenders, loan officers, and mortgage professionals to identify high-intent borrowers and agents, engage them at the right time, and streamline client interactions with automation.

A FULLY INTEGRATED GROWTH ENGINE FOR MORTGAGE PROFESSIONALS

The combination of MMI, MonitorBase, and Bonzo transforms the way mortgage professionals operate by providing:

Market Intelligence & Agent Targeting – MMI identifies top-producing real estate agents and key market trends, helping lenders and loan officers connect with the right partners.
Real-Time Borrower Monitoring & Predictive Insights – MonitorBase tracks borrower credit behavior and mortgage readiness, giving lenders early signals of refinance and purchase opportunities.
Automated Engagement & CRM Functionality – Bonzo simplifies borrower and agent outreach with AI-driven messaging, automated follow-ups including text messaging, and an intuitive CRM, ensuring no opportunity is missed.

Together, these platforms turn data into action, allowing professionals to proactively engage prospects, strengthen relationships, and convert more leads with less manual effort. Learn more about the solutions here.

TRANSFORMING BORROWER & AGENT ENGAGEMENT

“The acquisition of MonitorBase is another step in MMI’s vision to build the most comprehensive, data-driven mortgage solutions available,” said Ben Teerlink, founder and CEO of MMI. “By combining MonitorBase’s borrower insights with MMI’s intelligence and Bonzo’s communication automations, we’re giving mortgage professionals a competitive edge like never before.

“Our combined solutions are now able to notify our lenders what borrowers would benefit from what mortgage product and at what time they would be most likely to want to make that move. We communicate that information to our lender and begin to engage with the borrower for the lender automatically. It’s a game changer and we couldn’t be more excited!”

“We couldn’t be more excited to join forces with MMI,” added Louis Zitting, founder and CEO of MonitorBase. “We’ve always focused on helping lenders identify and engage borrowers at the right time,” added Louis Zitting, “Now, with MMI’s market intelligence and Bonzo’s automation, that process is even more seamless and effective.”

About MMI:

Mobility Market Intelligence (MMI) is the industry’s leading provider of real estate and mortgage data solutions, offering The Ultimate Lead-to-Loan Growth System™ through its powerful combination of MMI Data Center, MonitorBase, and Bonzo. This integrated platform connects data, automation, and engagement to help professionals maximize borrower and agent opportunities with precision and efficiency.

By leveraging MMI Data Center’s market intelligence, MonitorBase’s predictive analytics, and Bonzo’s CRM and marketing automation, users can seamlessly identify high-intent borrowers and top-performing agents, leverage real-time listing alerts, and launch preemptive refinance and equity campaigns—all from one ecosystem. Whether tracking mortgage-ready clients, verifying credit eligibility, or automating outreach, MMI’s platform of products ensures lenders and real estate professionals stay ahead of the competition.

To learn more, visit Our Solutions or contact sales@mmi.io.

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NEWS SOURCE: Mobility Market Intelligence

To view the original story, visit: https://www.send2press.com/wire/mmi-announces-strategic-acquisition-of-monitorbase-a-borrower-monitoring-and-predictive-analytics-platform/

Matrix Advises on the Sale of PMI Lubricants to Wallis Lubricants, LLC

RICHMOND, Va., and BALTIMORE, Md., Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces the successful sale of PMI Lubricants (“PMI” or the “Company”), a portfolio company of Dunne Manning, to Wallis Lubricants, LLC. PMI is a leading Mid-Atlantic provider of lubricants, diesel exhaust fluid, and ancillary products to retail, commercial, and industrial customers throughout Virginia and parts of Tennessee, West Virginia, and North Carolina. The Company operates five facilities throughout Virginia and is the exclusive Mobil-branded lubricants distributor throughout most of Virginia and northeastern Tennessee.

Image caption: Matrix Capital Markets Group, Inc.

PMI Lubricants has been operating since the mid-90s and was originally a division of Petroleum Marketers, Inc., which was a well-established Virginia-based company with diverse operations including retail, wholesale, quick service restaurants, lubricants, etc. In 2014, as part of the larger sale of Petroleum Marketers, Inc., Dunne Manning acquired PMI. In 2016, the Company divested its other major brands to build an exclusive partnership with ExxonMobil and refocused on growing Mobil and its private label volume. In 2020, PMI acquired Mobil Auto Parts Company of Winchester and then grew further when it assumed Carter Machinery’s industrial, Mobil-branded business in August of 2023. The acquisition of Carter’s industrial accounts paved the way for the Company to become a delivery agent for Carter’s Caterpillar-branded business, which PMI began servicing in June.

Matrix provided merger and acquisition advisory services to PMI Lubricants, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Andrew LoPresti, CFA, CPA, Director; Spencer Cavalier, CFA, Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group; and Matthew Paniccia, Associate.

The Dunne Manning leadership team commented, “We greatly appreciated the guidance and expertise we experienced working alongside Spencer, Andrew and the entire team at Matrix throughout this process. They were excellent partners. We are greatly appreciative of Kathy Draper and her leadership team at PMI Lubricants for their efforts in building a best-in-class lubricants business across the Commonwealth of Virginia. The Wallis team shares many of the same values and goals we have focused on in building PMI Lubricants and know they will be focused on continuing that legacy.”

Mr. Cavalier of Matrix added, “We are honored to have advised Dunne Manning on the divestment of PMI Lubricants. PMI is a very well-managed lubricants distributor, led by the talented Kathy Draper. Lastly, we would like to thank the Dunne Manning leadership team, who are exceptional, long-term investors.”

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.

About Matrix Capital Markets Group, Inc.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

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NEWS SOURCE: Matrix Capital Markets Group Inc.

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Matrix Advises on the Sale of Clearfield MMG, LLC to VLS Environmental Solutions, LLC

RICHMOND, Va., and BALTIMORE, Md., Dec. 30, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. is pleased to announce the sale of Clearfield MMG, LLC, a Virginia-based company renowned for its expertise in innovative, specialized treatment and waste disposal solutions, to VLS Environmental Solutions, LLC, a leader in sustainable waste management and environmental solutions and a portfolio company of I Squared Capital.

Image caption: Matrix Capital Markets Group.

With over three decades of experience, Clearfield MMG operates three waste management facilities in Virginia with a suite of waste processing and disposal solutions, bulk and drum transportation, and various field services such as soil excavation and compliance monitoring. The addition of Clearfield MMG to the VLS family expands the geographic footprint to provide sustainable solutions in the mid-Atlantic region.

John Magee, CEO of VLS Environmental Solutions, commented, “The acquisition of Clearfield MMG aligns perfectly with our mission to expand VLS’ innovative and sustainable solutions. By adding their expertise and facilities to our operations, we enhance our ability to provide comprehensive environmental solutions to a broader client base.”

Matrix provided merger and acquisition advisory services to Clearfield, which included valuation advisory, managing a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O’Flaherty, Managing Director, Matt Oldhouser, CPA, Vice President, and David Shoulders, Managing Director.

“We were grateful for the opportunity to represent Clearfield in this transaction and were thrilled to have achieved an outstanding result for such a wonderful southeastern Virginia business,” Mr. O’Flaherty commented. “We look forward to following the future success of the combined organizations.”

John Paris, Pat Tomlinson, and Nick Vretakis of Williams Mullen served as legal counsel for Clearfield.

About Matrix Capital Markets Group, Inc.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

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NEWS SOURCE: Matrix Capital Markets Group Inc.

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Matrix Advises on the Sale of Atlantic States Lubricants Corp. to Moove

RICHMOND, Va., and BALTIMORE, Md., Dec. 19, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces the successful sale of certain assets of Atlantic States Lubricants Corp. (“ASL”) to Moove, formerly known as PetroChoice.

Image caption: Matrix Capital Markets Group.

Atlantic States Lubricants, based in Farmingdale, New York, is an authorized distributor of Mobil-branded lubricants and related products and also offers customers its proprietary SYSTM7 and Centurian-branded lubricants products. The Company distributes lubricants, diesel exhaust fluid, and ancillary products to a broad range of commercial, industrial, and municipal customers throughout the New York City metropolitan area, as well as parts of New Jersey and Connecticut. ASL was founded in 1992 and over the years under the leadership of co-owners Frank Rooney (President) and Cindy Tadler (COO), has grown both organically and through multiple acquisitions.

Matrix provided merger and acquisition advisory services to Atlantic States Lubricants, 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; Matthew Paniccia, Associate; and Cedric Fortemps, CFA, Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group.

Frank Rooney, President of Atlantic States Lubricants, commented, “We want to thank the team at Matrix for simplifying what was otherwise an elaborate undertaking. Their team functioned with both efficiency and professionalism and managed the process from start to finish with an exceptional level of detail.”

Mr. Corbett of Matrix added, “Frank and Cindy have led Atlantic States Lubricants for more than 30 years and developed it into one of the leading Mobil lubricants distributors in the Northeast by providing industry-leading customer service and developing long-term relationships with their customer base. We appreciate the trust that they have placed in Matrix to serve as their advisor in the sale of ASL and wish them all the best in their future endeavors.”

About Moove – A Global Lubricants Solutions Company

Moove produces, sells, and distributes lubricant solutions for industrial, consumer, and commercial segments through efficient, high-performance services and products that keep people, industries, and businesses continuously moving and growing.

Moove is a multinational company operating in 10 countries across South America (Brazil, Argentina, Bolivia, Uruguay, and Paraguay), North America (United States), and Europe (United Kingdom, Spain, France, and Portugal).

Our global footprint includes six production plants and over 100 distribution centers, providing us with a scalable manufacturing base and an optimized distribution network to access and serve our customers effectively. To learn more, visit: www.moovelub.com.

About Matrix’s Downstream Energy & Convenience Retail Investment Banking Group

About Matrix Capital Markets Group, Inc.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

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NEWS SOURCE: Matrix Capital Markets Group Inc.

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Matrix Advises Jolley Stores and S.B. Collins on its Sale to Stewart’s Shops

RICHMOND, Va., and BALTIMORE, Md., Dec. 17, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces that it has advised Jolley Associates, LLC and S.B. Collins, Inc. (collectively, “SBC”) on the sale of its convenience retail, wholesale dealer, and residential heating oil (d/b/a as Clarence Brown) businesses to Stewart’s Shops Corp.

Image caption: Matrix Capital Markets Group, Inc.

Founded in the early 1920s by St. Albans businessman, Stephen Brooks Collins, S.B. Collins, Inc. is a local, family-owned petroleum distributor that has been serving the local community and surrounding area in Vermont for over 100 years. In 1963, Emanuel (Pete) Jolley purchased SBC from Stephen Collins and continued to grow its operations. In 1976, Pete’s sons, Bob and Bruce, expanded the family business by converting company-owned, full-service locations into convenience stores. They established a new partnership, Jolley Associates, to operate the stores under the c-store brand name “Short Stop” and in 2001, the company underwent a store-wide branding initiative that incorporated the “Jolley” logo. In 2011, SBC diversified their portfolio even further and purchased Clarence Brown, Inc., the oldest family-owned heating oil delivery business in the region, which was headquartered in St. Albans, VT.

The late Robert (Bob) Jolley and his wife Mary Ellen were instrumental in growing the retail side of the business, and over the last decade-plus, under the leadership of Bruce Jolley (President), Samantha Peake (CFO), Shawn Bartlett (General Manager, Jolley Associates, LLC) and Steve Smith (General Manager, S.B. Collins, Inc.), SBC has flourished and maintained a premier status in all markets and customer segments from which it operates.

Matrix provided merger and acquisition advisory services to SBC, which included valuation advisory, marketing the enterprise through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Spencer Cavalier, CFA, Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group; Sean Dooley, CFA, Managing Director; and John Mickelinc, CFA, Senior Associate.

Bruce Jolley, President of SBC, and Mary Ellen Jolley, Vice President, stated, “Matrix has been an invaluable resource for many years, and we knew they were the right advisor when it came time to sell our business. Their deep industry knowledge and advisory expertise were instrumental in bringing us to a successful closing, and we feel we’ve found a great partner in Stewart’s.”

Mr. Cavalier added, “Our relationship with Bruce, Mary Ellen, and Sam began over 10 years ago, and we’ve watched the company grow into one of the premier, independent petroleum marketing and convenience retailers in New England. We are grateful for this long-term relationship, and we are honored to have advised the shareholders on this very meaningful transaction.”

Otto Konrad and Kaitlin Cottle of Williams Mullen and Diane McCarthy of Sheehey Furlong & Behm P.C. served as legal counsel for SBC.

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

About Matrix Capital Markets Group, Inc.:

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

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NEWS SOURCE: Matrix Capital Markets Group Inc.

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Matrix Advises on the Sale of Dana Safety Supply, Inc. to AEA Investors

DSS is the premier provider of emergency vehicle equipment, installations, tactical gear and related accessories to the emergency services market

RICHMOND, Va., and BALTIMORE, Md., Oct. 16, 2024 (SEND2PRESS NEWSWIRE) – Matrix Capital Markets Group, Inc., a leading independent investment bank, is pleased to announce the sale of Dana Safety Supply, Inc. (DSS) to AEA Investors. Prior to the sale, DSS was a wholly-owned subsidiary of Scott McRae Automotive Group, LLLP (SMAG).

Image caption: Matrix Capital Markets Group, Inc.

DSS is the premier provider of emergency vehicle equipment, installations, tactical gear and related accessories to the emergency services market. With 40 locations nationwide, they have grown into the go-to source for vehicle upfitting and tactical gear services for local, city, state, and federal departments, as well as fleet managers, dealerships, and non-department fleet operators. Founded in 2005 and acquired by SMAG in 2010 with just six locations, the company has grown to its present scale through both organic (greenfield) and acquisitive expansion. Leading the charge since the time of the acquisition has been David Russo, Chief Executive Officer of DSS. Mr. Russo is one of the most experienced and respected professionals in the emergency services marketplace and has guided the company to its current position as the largest vehicle upfitter in the industry, with over 500 valued employees supporting operations.

Regarding the transaction, Mr. Russo commented, “DSS has been growing steadily over the past 15 years, and as we continue on our path of future growth in all areas of the country, finding the right partner is crucial to our success. We were very fortunate to have many options in this regard, and after a long evaluation process, it was clear that AEA was the right partner for DSS. AEA’s pristine reputation, financial resources, and 50-plus-year track record of success are some of the many reasons we chose AEA as our partner.”

He added, “We have been unbelievably fortunate to have been part of SMAG and its 100-year history of remarkable stability and success. We are forever grateful to SMAG and will continue to operate on the principles that have made SMAG and DSS successful – transparency, accountability, first-rate facilities and people. Those attributes, combined with a burning desire to serve first responders and the public safety community, will guide our team into the future.”

Matrix provided merger and acquisition advisory services to DSS and SMAG, 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, Matt Oldhouser, CPA, Vice President, and David Shoulders, Managing Director.

Regarding Matrix’s services, Jeff Curry, Chief Executive Officer of SMAG, noted, “Matrix exceeded our expectations in every respect during this transaction. Their tactical expertise created a tremendous amount of value and I am thankful we chose them to guide us through this process.” He added, “We are very proud of the team at DSS and the company that they have built over the last 15 years. We will always consider them part of the SMAG family and look forward to watching them take the company to the next level!”

“We were honored to represent SMAG and DSS in this important transaction,” Mr. O’Flaherty noted. “The company’s passion for providing outstanding service to the public safety market is commendable and we are pleased to have found a partner that shares the same enthusiasm for that industry and commitment to excellence.”

Smith Hulsey & Busey served as legal counsel for DSS and SMAG. CohnReznick LLP provided accounting advisory services to the company.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

Matrix Capital Markets Group, Inc., Gateway Plaza | 800 East Canal Street, Suite 850 | Richmond, VA 23219

MULTIMEDIA:

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NEWS SOURCE: Matrix Capital Markets Group Inc.

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Dark Matter Technologies brings the NOVA LOS under its banner to serve a broader range of mortgage lenders

Strategic alignment brings two LOS platforms under the Dark Matter brand, creating a powerhouse of innovative mortgage solutions

JACKSONVILLE, Fla., Sept. 23, 2024 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the addition of the NOVA loan origination system (LOS) to its product lineup. Bringing the NOVA LOS under its banner alongside the Empower® LOS enables Dark Matter to offer two distinct LOS solutions and cater to a more diverse range of lender business models.

Image caption: Dark Matter Technologies.

Adopting a dual-product strategy underscores Dark Matter’s commitment to providing innovative solutions and consultative services for lenders of all sizes. The Empower LOS is designed for lenders looking to scale by offering extensive exception-based workflows, comprehensive automation and the flexibility to adapt to complex operational models. The NOVA LOS provides a reliable, cost-effective solution with minimal administrative overhead that is ideal for smaller lenders.

The NOVA LOS was acquired by the Perseus Operating Group (Perseus) of Constellation Software Inc in 2019. Dark Matter was formed under Perseus in 2023 following the company’s acquisition of the Empower LOS and AIVA® AI Virtual Assistant solutions. Aligning the NOVA LOS under the Dark Matter brand brings the extensive expertise and innovative power of these solutions under joint leadership while better supporting the growth of each LOS platform.

“With the alignment of the Empower LOS and the NOVA LOS under the Dark Matter brand, we’re creating a powerhouse in loan origination technology,” said Sean Dugan, chief revenue officer at Dark Matter. “Andromeda, a division of the Perseus Operating Group of CSI, has strategically acquired two platforms that each serve distinct segments of the market, and by organizing both platforms under Dark Matter leadership, we can leverage over three decades of experience to partner with lenders choosing the product best suited to navigating their unique needs and challenges.”

“The addition of the NOVA LOS further cements our commitment to delivering flexible and innovative solutions,” said Frank Poiesz, president of Constellation Mortgage Solutions. “By aligning with the Empower LOS, we are providing an ecosystem of solutions that support lenders at any stage of growth, backed by the extensive resources of Dark Matter.”

With their deep reservoir of industry knowledge, Dark Matter’s consultative partners are equipped to help lenders advance their business goals by making informed technology selections. Through seamless implementations, dedicated account management and initiatives like its Client Advisory Board and Horizon user conference, Dark Matter is an innovative, nimble partner throughout the entire lending process—from onboarding to scaling and adapting to market changes.

About Dark Matter Technologies

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation, and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit www.dmatter.com.

Tags: @dmattertech #fintech #mortgage

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NEWS SOURCE: Dark Matter Technologies

This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Matrix Advises on the Successful Sale of WTG Fuels, LLC’s Delivered Fuels Business

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. announces the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. WTG Fuels is a subsidiary of West Texas Gas, a leading provider of natural gas distribution services throughout Texas and Oklahoma.

WTG Fuels, based in Midland, Texas, distributes propane, refined products, and lubricants to residential, commercial, and oilfield customers throughout West Texas and extending into the Texas panhandle, central, and south Texas.

Erik Peterson, CEO of ThompsonGas, said "We are thrilled to welcome the more than 200 employees of WTG Fuels and look forward to making them feel right at home as they join the ThompsonGas family! This new area will operate as TG Fuels, based in Midland, Texas, under the continued local leadership of Casey King and Lane Worthington." Mr. Peterson continued, "With the addition of this business in Texas and New Mexico, ThompsonGas now provides peace of mind for customers in 25 states."

Matrix provided merger and acquisition advisory services to WTG Fuels, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Vance Saunders, CPA, Managing Director; Cedric Fortemps, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; John Duni, CFA, CPA, Vice President; and Michael Tucker, CFA, Senior Associate.

John Steen, CEO of West Texas Gas, commented "Matrix has been a true partner to WTG over the last several years through the sale of multiple business lines in the WTG Fuels division. We are grateful for their sound advice and execution." WTG Fuels formerly owned and operated the Uncle's branded convenience store chain and the Gascard fleet fueling network which were divested in a separate transaction managed by Matrix.

Mr. Saunders of Matrix commented "We've had the pleasure of working with the WTG Fuels team since late 2021 when we began reviewing strategic alternatives for each of their businesses. We've really enjoyed working with them these last three years and wish them all the best in their future endeavors."

Larry Parker of Williams Mullen served as lead legal counsel for WTG Fuels.

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.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

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

Matrix Capital Markets Group, Inc. announces the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. WTG Fuels is a subsidiary of West Texas Gas, a leading provider of natural gas distribution services throughout Texas and Oklahoma.

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

Matrix Advises Singer Energy Group, Inc. d/b/a Robison on its Sale to an Affiliate of Star Group, L.P.

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Singer Energy Group, Inc. and its affiliates d/b/a Robison ("Robison" or the "Company") on the sale of its integrated heating oil distribution and HVAC services business to an affiliate of Star Group, L.P. (NYSE: SGU). Headquartered in Port Chester, New York, Robison is a leading distributor of heating oil and provider of home comfort solutions in and around Westchester and Putnam Counties, New York.

The Company's history dates back to the 1920s when members of the Singer and Robison families founded and began operating separate heating oil and petroleum marketing companies. The two companies remained separate until 1984 when Saul Singer and other members of the Singer family purchased Robison from Mobil Oil, which had gained control of Robison during the oil crisis of the 1970s. During the next several years, the Singer family continued to expand the Company by acquiring over 15 heating oil distributors in and around the greater New York City metropolitan area.

Daniel Singer, Robison's current President and CEO, joined the Company in 1996 when it was still focused exclusively on residential heating oil distribution. In subsequent years and through a series of organic and inorganic growth initiatives, Robison also began distributing heating oil to commercial accounts and marketing HVAC and other related home services to customers throughout its marketing territory. Under Daniel Singer's leadership, Robison has transformed into a diversified and sophisticated home comfort solutions provider whose services range from supporting traditional oil-burning and bio-heat mechanical systems to servicing and installing air-sourced heat pumps, complex geothermal heating and cooling systems, standby generators, and other modern home comfort systems.

Matrix provided merger and acquisition advisory services to Robison, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Stephen Lynch, CPA, CFA, Managing Director; Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; James Mickelinc, CPA, Associate; and Reilly Erhardt, CPA, Senior Analyst.

Mr. Singer, President and CEO of Robison, commented, "The anticipated anxiety of selecting the right stewards to help guide us through this turning point in our family and company's history was immediately relieved once I met Spencer, Stephen, and the rest of Matrix team. Matrix brought precisely the right balance of a true investment bank with deep knowledge and contacts within the financial markets, along with unsurpassed industry insights and personal attention that allowed us to reach all of our desired transaction goals. As I and the rest of the Robison leadership team turn our collective attention to our next chapter, we could not be happier with the warm welcome and experienced leadership we have all encountered with Star Group's team of professionals."

Mr. Lynch added, "We are grateful to have worked with Robison to honor the rich legacy created by both the Robison and Singer families. The Company's commitment to its customers in Westchester and Putnam counties is unwavering, and we fully believe that Star Group will continue to build upon what the Company has already accomplished. We are very thankful to have been given the opportunity to serve as the advisor to Robison on this transaction."

Joel Lever, Joel Goldschmidt, Caroline Keegan, and Jillian Anzalone of Kurzman, Eisenberg, Corbin, & Lever, LLP served as legal counsel for Robison.

Star Group, L.P. was represented by Karen Murphy and Harrison Kaufman of Bressler, Amery, & Ross P.C.

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.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. 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

Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Singer Energy Group, Inc. and its affiliates d/b/a Robison ("Robison" or the "Company") on the sale of its integrated heating oil distribution and HVAC services business to an affiliate of Star Group, L.P. (NYSE: SGU). Headquartered in Port Chester, New York, Robison is a leading distributor of heating oil and provider of home comfort solutions in and around Westchester and Putnam Counties, New York.

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

Matrix Advises Pump N’ Pantry, Inc. on its Sale to United Refining Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Pump N' Pantry, Inc. and its affiliates (collectively, "Pump N' Pantry" or the "Company") on the sale of its convenience retail assets to United Refining Company. Headquartered in Montrose, Pennsylvania, Pump N' Pantry is a leading, regional convenience retailer, operating 14 convenience stores throughout central Pennsylvania.

Pump N' Pantry dates back to 1975 when Tom Quigg, after a successful career at Esso, purchased Seddon Lathrop Oil Company. At that time, the Company was focused on residential heating oil distribution and had just two retail fuel locations. In 1988, the legacy heating oil business was sold, and the Company rebranded as Pump N' Pantry to strategically shift toward retail operations. Scott Quigg, Tom's son, joined the Company in 1993 after having begun his career at Cumberland Farms. The pair invested in the Company throughout the 1990s, acquired additional stores, and introduced a proprietary foodservice offering in 1997. With an emphasis on pizza and deli items, Tom and Scott pushed the Company toward its current strategic focus of providing a comprehensive in-store offering. Scott purchased the Company from his father in 2001 and immediately expanded Pump N' Pantry further by acquiring six additional stores in north-central Pennsylvania. With a commitment to premium offerings, excellent service, and modernization, the Quigg family has built one of the premier convenience retail companies in Pennsylvania.

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

Scott Quigg, CEO of Pump N' Pantry, commented, "Pump N' Pantry first engaged Matrix in 2019 for planning and valuation services. Five years later when we began the sale process, Matrix offered guidance, structure, and market knowledge while being attentive to the needs and ideas of Pump N' Pantry as a client. With the support of our team members, our communities, and our suppliers, my father and I worked to grow and evolve Pump N' Pantry for 49 years. With the help of Matrix, we have now successfully completed the job."

Mr. Cavalier added, "We were honored to work with Scott, his wife Melinda, and their talented management team, whose thoughtful growth and diligent execution created a premier regional convenience retail company. United Refining Company will be a good steward of the enterprise. We are very thankful to have served as Pump N' Pantry's advisor on this transaction."

Tammera Diehm, Noreen Sedgeman, Beth Harper, and Parth Deshmukh of Winthrop & Weinstine, P.A.; Anne Lavelle Powell of Powell & Appleton PC; and John Rodgers of Caverly, Shea, Phillips & Rodgers served as legal counsel for Pump N' Pantry.

United Refining Company was represented by John Wagner, General Counsel, and its in-house legal team.

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.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

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

Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Pump N' Pantry, Inc. and its affiliates (collectively, "Pump N' Pantry" or the "Company") on the sale of its convenience retail assets to United Refining Company. Headquartered in Montrose, Pennsylvania, Pump N' Pantry is a leading, regional convenience retailer, operating 14 convenience stores throughout central Pennsylvania.

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

Matrix Advises Land O’Sun Management on its Sale to Anabi/Rebel

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O'Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida.

Land O'Sun Management was founded in 1996 when local businessmen Alan Fogg, Richard Rentz and Stephen Fogg purchased 38 gas stations in Northern Florida. After turning around their initial acquisition to become successful operating stores in just four years, the founders wanted to continue growing Land O'Sun and purchased 13 additional stores in 2000, which provided access to the QSR business. Over the next 23 years, Land O'Sun began integrating national QSR brands into their stores, including Arby's, Wendy's, Dairy Queen, and Subway. In 2022, Land O'Sun opened its latest state of the art new-to-industry Fast Track store in Gainesville, Florida, which includes a car wash, beer cave, and made-to-order deli. Over the last 28 years, through excellent leadership and execution, the original founders have built one of the premier petroleum marketing, convenience retail and QSR companies in Florida.

Matrix provided merger and acquisition advisory services to Land O'Sun Management Corporation, 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; Nathan Wah, CPA, Senior Associate; and Reilly Erhardt, CPA, Analyst.

Alan Fogg, President of Fast Track, commented, "As a family business, deciding to sell is both an economic and emotional decision. Our prior experience with Matrix, conducting periodic business evaluations of our company, gave us confidence that Matrix was the right partner for this transaction. The support they provided in presale planning and through the entire sale process proved our confidence was warranted."

Mr. Fortemps added, "Our relationship with Richard, Alan and Steve began close to a decade ago and since then, they've done a tremendous job strategically growing their business to make it what it is today. We are honored to have advised them on the sale of the incredible company they've worked so hard to build."

Charles Muller II and Michael Schwartz of Muller Lebensburger & Schwartz served as legal counsel for Land O' Sun Management Corporation.

Fred Whitaker, Ashley Bolduc, and Wendy Hsu of Cummins & White, LLP served as legal counsel for Anabi Real Estate Development, LLC.

About Anabi/Rebel:

Based in Upland, California, Anabi/Rebel was founded by Sam Anabi in 1991 with one gas station. Anabi/Rebel has been working with independent retailers to provide the best fuel and highest level of service to communities throughout California. Over the years, the company has grown by buying and selling stations, converting bays into convenience stores, adding car washes, partnering with fast food brands, and building ground up new to industry locations. This growth has provided Anabi/Rebel with experience from the perspective of a buyer, seller, lease dealer, open dealer, franchisee, owner, contract operator, and wholesale distributor. Today, Anabi/Rebel continues to operate as a dynamic family owned and operated business with over 500 locations across 16 states, including multiple QSR brands.

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.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

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

Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O'Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida.

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

KROST Acts as the Exclusive Financial Advisor to United Filters International in its Sale to ENPRESS LLC

LOS ANGELES, Calif. /ScoopCloud/ -- United Filters International (UFI), a recognized leader in the design and manufacture of an expansive range of liquid filtration solutions, was recently sold to ENPRESS LLC, a leading manufacturer of composite pressure vessels and water filtration technologies. KROST was the exclusive financial advisor, and the terms of the transaction were not disclosed.

About United Filters International

With manufacturing locations in California and Texas, United Filters International (UFI) provides filtration solutions to domestic and international customers servicing food, beverage, potable and wastewater applications as well as energy and industrial applications through its extensive network of Original Equipment Manufacturers (OEMs), and through a growing network of dealers and distributors.

ENPRESS LLC, an Eastlake, Ohio Company, is a worldwide leading manufacturer of composite pressure vessels and water filtration technologies for use in water treatment.

"Although 2023 was a down year for M&A activity, both in the US and internationally, we are seeing an uptick in transaction volumes and values in early 2024 and we expect that trend to continue," said Paren Knadjian, Principal and Head of M&A at KROST.

The KROST M&A and Capital Markets team provides a range of advisory services, including sell-side M&A, buy-side M&A, equity financing, debt financing, debt refinancing, transaction support, fund management services, business valuations, exit planning, and restructuring. Having successfully participated in over 300 M&A and Capital Markets transactions, worth over $4 billion, the team has the skillset and experience to fulfill the requirements of a wide range of M&A and Capital Market's needs.

ABOUT KROST CPAS & CONSULTANTS

Established in 1939 in Pasadena, California, KROST, is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success. Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, we also provide special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, KROST Business Intelligence (KBI), and KROST Fund Admin Solutions.

Contact KROST for a complimentary consultation to see how their award-winning firm can provide a unique package catered to the needs of your specific situation: https://www.krostcpas.com/contact.

Learn more about KROST's services: https://www.krostcpas.com/services

United Filters International (UFI), a recognized leader in the design and manufacture of an expansive range of liquid filtration solutions, was recently sold to ENPRESS LLC, a leading manufacturer of composite pressure vessels and water filtration technologies. KROST was the exclusive financial advisor, and the terms of the transaction were not disclosed.

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

Matrix Leads Capital Raise for G&M Oil Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it served as lead advisor on G&M Oil Company's ("G&M" or the "Company") syndicated debt financing.

Established in 1969, G&M Oil is one of California's largest independently owned fuel retailers with over 200 locations throughout Los Angeles, Orange, San Bernardino, Riverside, San Diego and Ventura Counties. The Company maintains successful partnerships with Chevron and ExtraMile and has been consistently lauded for its outstanding performance in their Retail Excellence programs.

Adam Sparks, General Manager of G&M commented, "We were fortunate to work with Matrix to structure and intermediate this important financing. Their experience, expertise, and objective approach were critical to securing capital on terms that were very attractive to the Company."

Matrix provided capital advisory services to G&M, which included financial modeling, assessment of optimal financing strategy, selection of capital providers, and negotiation of the transaction. The financing was managed by John Whalen, Head of Matrix's Capital Advisory Investment Banking Group; Ryan Weir, Director; and Garrett Novotny, CFA, CPA, Senior Analyst.

Scott Olson, Director of Strategy & Corporate Development of G&M stated, "The Matrix team delivered outstanding support and insight throughout the process. Their dedicated and adaptable approach, coupled with their robust execution, ensured a favorable result for all involved. Their expertise was critical to a successful outcome."

Mr. Whalen added, "We deeply value the trust G&M placed in us to guide them through this capital raise. G&M is a best-in-class operator and this transaction is a testament to the Company's strong profile. In addition to providing the Company with significant structural latitude, the new capital base will support G&M's immediate and long-term growth initiatives. We couldn't be more pleased to support G&M Oil - truly a privilege to work with them!"

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

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

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it served as lead advisor on G&M Oil Company's ("G&M" or the "Company") syndicated debt financing. Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank.

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

Matrix Advises on the Sale of Andretti Petroleum Group to H&S Energy

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Andretti Petroleum Group ("Company") on the sale of its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy, LLC and its affiliates ("H&S"). Andretti Petroleum Group is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington.

Andretti Petroleum Group was founded in 1997 when racing icons Mario Andretti, Michael Andretti, long-time Andretti advisor John Caponigro, and Texaco executive M.J. Castelo launched a startup Texaco wholesale business in northern California. Mario Andretti had always been enamored with the fuels business after having worked at his uncle's gas station with his twin brother Aldo just three days after moving from Italy to America at the age of 15. In 1998, the nascent business developed its flagship Texaco facility in downtown San Francisco, which featured an Andretti SpeedMart convenience store, an Andretti Winning Finish car wash, a Burger King, and the first Starbucks integrated into a convenience store.

Over the next 25 years, M.J. Castelo embodied the legendary Andretti competitive spirit and grew the Company to be one of the largest convenience retail and fuels distribution businesses in the West through organic growth and a series of acquisitions. The enterprise completed its first major acquisition in 2001, when it purchased a chain of convenience stores and dealer operations in Monterey County, California. In 2005, the Company expanded further north with the acquisition of Humboldt Petroleum's 16 company-operated stores. Andretti's most transformative acquisition occurred in 2017, when it purchased Colvin Oil Company of Grants Pass, Oregon. The Colvin transaction more than doubled the size of the Company and added retail, wholesale, transportation, commercial fuels, and lubricants operations. Over the past few years, the Company continued to expand via acquisition, most notably through the acquisitions of Sheldon Oil and Stein Oil, while also rolling out a comprehensive rebranding effort through its proprietary Pinnacle 365 store brand and proprietary loyalty program. Prior to the sale, Andretti Petroleum Group consisted of nearly 170 convenience retail and fuels distribution assets in California, Oregon, and Washington.

Matrix provided merger and acquisition advisory services to the Company, 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; Andrew LoPresti, CPA, CFA, Vice President; John Mickelinc, CFA, Senior Associate; and James Mickelinc, CPA, Associate.

Mr. Castelo, CEO and Managing Member of Andretti Petroleum Group, commented, "We are delighted to transact with H&S Energy as the new steward of our enterprise. Our companies share similar stories, starting with single sites, then growing into formidable players in our industry. This transaction will be a win for all stakeholders. We especially appreciate the great work of Matrix in assisting us with finding the perfect buyer and perfect transaction."

Sal Hassan, founder and CEO of H&S, stated, "We are honored to take on this great portfolio of retail sites, wholesale distributorship, cardlocks, lubricants, and transportation assets. We believe the people on both ends of this transaction, when put together, will bring great synergies and help take H&S to the next level. Working through this transaction with the help and professionalism of everyone involved made the process smooth and simple. We thank the entire group for their efforts."

Mr. Fortemps added, "M.J. and the Andretti team have built an incredible business through thoughtful, strategic growth, meticulous execution, and unparalleled passion to be the best across the entire organization. We are honored to have been chosen to advise them on the sale of the exceptionally successful business that they built and know that their successes will continue in their future endeavors---both on and off the racetrack."

John Caponigro, Hank Wineman, and Gabriella Tringali of Frasco, Caponigro, Wineman, Scheible, Hauser, and Luttmann and Otto Konrad and Kaitlin Cottle of Williams Mullen served as legal counsel for Andretti Petroleum Group.

Robert Sahyan, Michael Leake and Aaron Duffy of Sheppard Mullin, Jeffrey Reuben of Elkins Kalt, and Paula Bailey, General Counsel of H&S Energy served as legal counsel for H&S.

About H&S Energy, LLC

Based in Orange, California, H&S Energy was founded by Sal Hassan in 1996 with one gas station. Sal's vision was to have larger footprint convenience stores that offered customers a variety of snacks, hot food, fresh coffee, and the cleanest restrooms on the street. His vision grew H&S to more than 160 convenience stores under the Chevron, Texaco, Shell, and 76 fuel brands. H&S operates its convenience stores under the ExtraMile banner and under its own proprietary brand, Power Market.

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.

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.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. For additional information or to contact our team members, please visit https://www.matrixcmg.com/.

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

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Andretti Petroleum Group ("Company") on the sale of its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy, LLC and its affiliates ("H&S"). Andretti Petroleum Group is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington.

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

Avenu Insights & Analytics Announces Strategic Acquisition of Judicial Innovations

CENTREVILLE, Va. /ScoopCloud/ -- Avenu Insights & Analytics ("Avenu"), the global leader in revenue recovery and administrative solutions for state and local governments, is excited to announce its acquisition of Judicial Innovations, a pioneering provider of cloud-based payment and case management solutions. This acquisition marks Avenu's second payment solution acquisition in 2024, underscoring its commitment to investing in government payment technologies and expanding its Justice Solution set including Avenu | Court, Avenu | Jury, and Avenu | Payments.

Judicial Innovations is recognized for its innovative approach to simplifying government payment processes through its fully integrated, user-friendly platform. This strategic acquisition not only aligns with Avenu's dedication to enhancing its service offerings but also represents a significant step forward in combining powerful technology with practical, government-focused solutions.

Empowering Modern Government with Integrated Solutions

The integration of Judicial Innovations into Avenu's suite of services creates unparalleled synergy, especially within Avenu's Justice Solution suite. Judicial Innovations' platform, known for its accessibility, robust reporting, and seamless integration capabilities, perfectly complements Avenu's mission to provide comprehensive solutions that meet the dynamic needs of government agencies and their constituents.

A Future Focused on Innovation and Efficiency

Avenu's acquisition of Judicial Innovations not only signifies a commitment to advancing government operations through technology but also highlights the importance of modern, secure, and efficient payment processing systems.

"This acquisition is a testament to our strategic vision of creating a more cohesive, user-friendly experience for government agencies and the communities they serve," stated Paul Colangelo, CEO of Avenu Insights & Analytics.

"We are truly excited to partner with Avenu Insights & Analytics," said Jarrett Gorlin, CEO of Judicial Innovations. "As a leader in the Justice and Payments market, this partnership represents a tremendous opportunity to further enhance our innovative solutions and expand our impact on government operations nationwide."

About Judicial Innovations

Judicial Innovations stands at the forefront of government payment solution providers, offering a cloud-based platform that simplifies and streamlines the payment and case management process for government agencies nationwide. Its focus on modernization, security, and efficiency has made it a preferred choice for agencies looking to improve their operations and service delivery.

About Avenu Insights & Analytics

Over 4,500 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 solutions digitally transform 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 Arlington Capital Partners. Visit https://www.avenuinsights.com/.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-area private equity firm that has raised $8 billion in limited partner commitments since inception. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. For more information, visit Arlington Capital's website at https://arlingtoncap.com/ and follow Arlington on Linkedin.

Avenu Insights & Analytics ("Avenu"), the global leader in revenue recovery and administrative solutions for state and local governments, is excited to announce its acquisition of Judicial Innovations, a pioneering provider of cloud-based payment and case management solutions. This acquisition marks Avenu's second payment solution acquisition in 2024, underscoring its commitment to investing in government payment technologies and expanding its Justice Solution set including Avenu | Court, Avenu | Jury, and Avenu | Payments.

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

Deacon Jones Automotive expands reach with acquisition of Sale Auto Mall in Kinston, North Carolina

SMITHFIELD, N.C. /ScoopCloud/ -- Deacon Jones Automotive, a leading dealership group based in Smithfield, North Carolina, is proud to announce its recent acquisition of Sale Auto Mall Stores (BMW, Chevrolet, GMC & Ford) located in Kinston, North Carolina. This strategic move, in a desired partnership with Capital Automotive of Raleigh NC, marks a significant expansion for Deacon Jones Automotive, further solidifying its position as a premier destination for automotive sales and service in the region.

Deacon Jones Automotive's addition of Sale Auto Mall now boasts an even wider selection of top automotive brands, providing customers in the Kinston and the eastern NC region with access to an unparalleled inventory, and unrivaled customer service. This acquisition aligns with Deacon Jones Automotive's commitment to delivering an exceptional customer experience and fostering long-term relationships within the communities it serves.

Ken Jones, President & CEO of Deacon Jones Automotive, expressed his enthusiasm for the acquisition, stating, "We are thrilled to welcome Sale Auto Mall Stores into the Deacon Jones family. We are also elated to with addition of our first luxury import brand BMW! This expansion allows us to better serve our customers in Kinston and surrounding areas, offering them a diverse range of quality vehicles and exceptional service."

For over 40 years Deacon Jones Automotive has built a reputation for excellence, with a dedicated team of professionals who prioritize customer satisfaction above all else. By combining the strengths of both organizations, Deacon Jones Automotive aims to elevate the car-buying experience for its customers and continue its tradition of providing unparalleled value and service.

For more information about Deacon Jones Automotive, please visit https://speakindeacon.com/.

About Deacon Jones Automotive:

Deacon Jones Automotive is a trusted dealership group based in Smithfield, North Carolina, offering a wide selection of new and used vehicles from top automotive brands. With a commitment to customer satisfaction and community engagement, Deacon Jones Automotive has become a preferred destination for car buyers in the region.

Deacon Jones Automotive, a leading dealership group based in Smithfield, North Carolina, is proud to announce its recent acquisition of Sale Auto Mall Stores (BMW, Chevrolet, GMC & Ford) located in Kinston, North Carolina. By combining the strengths of both organizations, Deacon Jones Automotive aims to elevate the car-buying experience for its customers and continue its tradition of providing unparalleled value and service.

Related link: https://speakindeacon.com/

Matrix Advises on the Sale of Hicks Oils’ Lubricants Business to Schaeffer Manufacturing Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants. Schaeffer, founded in 1839 and based in St. Louis, produces and sells a broad range of synthetic motor oils, industrial lubricants, hydraulic fluids, and other related products.

Based in Du Quoin, Illinois, Hicks Oils was formed in 1978 by C. W. Hicks as a further expansion of his integrated petroleum operations, with the initial goal of providing products and services to the local coal mining industry. In 1989 upon the passing of Mr. Hicks, his grandsons Todd and Shawn Coady joined the Company and took over running the lubricants business and the family's multiple other companies. Shawn Coady currently serves as President of the business and Todd as Vice President. Throughout the 1980's and 1990's as markets changed, the business evolved and expanded to include contract packaging, private label, and company branded products. Today, Hicks Oils blends and packages motor oil, hydraulic fluid, gear lubes, transmission fluids and various specialty lubricants for distributors, major oil companies, OEMs, and after-market providers.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by John Underwood, Managing Director; Vance Saunders, CPA, Managing Director; Andrew LoPresti, CPA, CFA, Vice President; Jared de Perio, Analyst.

Dr. Shawn Coady, President of Hicks said, "When I decided to sell the business, I had significant experience with Matrix from various propane market transactions and was confident they were the right company to handle the transaction. Hicks Oils is a unique business, and they did an exceptional job handling the sale. I am very pleased with Schaeffer as the buyer. I believe the strategic and cultural fit of the two companies will provide significant growth opportunities, as well as a great work environment for Hicks' employees."

Mr. Underwood added, "We have valued our relationship with Dr. Coady for many years and we were honored when he chose Matrix to sell the Hicks' lubricants blending and packaging business. We very much appreciate the trust that Shawn placed in the Matrix team and the contributions from him and his operating team during the sales process."

Bill Scott of Allen & Korkowski & Associates served as legal counsel for Hicks.

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

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants.

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

Beach Automotive Acquiring Jud Kuhn Chevrolet Dealership

RALEIGH, N.C. /ScoopCloud/ -- In a buy-sell by the dealer group, Beach Automotive has purchased the dealership formally known as Jud Kuhn Chevrolet. The dealership was renamed to Beach Chevrolet on finalizing the purchase, January 24, 2024.

Jud Kuhn Chevrolet has been a one-stop shop for Chevrolet owners in the Little River market for multiple years and the purchase made by Beach Automotive looks to only keep that same consistency moving forward.

Beach Chevrolet will be selling new Chevrolets, used vehicles, and will have a fully operating service shop where everything, as always, is Backed by Beach!

Beach Automotive invites new and former customers to stop by and meet the new team representing Beach Chevrolet. The auto group is delighted to welcome this new dealership to the Beach Automotive family!

The dealership, same as the dealer group, will be digitally represented by Sokal, an automotive advertising agency based in North Carolina. They are fully planning to rebrand to Beach Chevrolet to coincide with their current dealer group name.

For more information about Beach Chevrolet, please visit their dealer group website at: https://www.beachautomotive.com/.

About Sokal:

Headquartered in Raleigh N.C., Sokal is one of largest automotive advertising agencies in the country. The company specializes in digital marketing (SEO, paid search, CTV, pre-roll and display ads) and award-winning website design, and maintenance. Sokal also boasts a full-service agency experience with experts trained to execute everything from radio and television production, ad design, direct mail, media buying and much more.

For more information about Sokal, please visit their website at: https://www.gosokal.com/.

In a buy-sell by the dealer group, Beach Automotive has purchased the dealership formally known as Jud Kuhn Chevrolet. The dealership was renamed to Beach Chevrolet on finalizing the purchase, January 24, 2024. The dealership, same as the dealer group, will be digitally represented by Sokal, an automotive advertising agency based in North Carolina.

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

Matrix Advises on the Sale of Eastern Sierra Propane to Ferrellgas Partners, L.P.

BALTIMORE, Md. /ScoopCloud/ -- 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.

The Company was founded in 1993 in Bishop, CA by Tom Sigler and Rudy Forster. Initially, Eastern Sierra was run out of Tom Sigler's house, and propane storage was obtained by using a 12,000-gallon tank at a customer's location in exchange for installing vapor meters on his gas dryers. It soon became very clear that the Company needed a much larger space and their own propane storage. As such, the Company leased a nearby property in Bishop, CA and installed their first 30,000-gallon propane tank.

Tom Sigler subsequently acquired Rudy Forster's 50% ownership interest, and Tom along with his son, Jason Sigler who joined in 1998, have significantly grown the Company over the last two plus decades.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Sean Dooley, CFA, Managing Director; Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group and Nate Wah, CPA, Senior Associate.

Tom Sigler, President and Shareholder of Eastern Sierra, said, "When I decided to sell my business I researched companies who had the best transaction closing results, and I found that Matrix Capital was the top firm. They were helpful by first providing me with a valuation of my business and then finding a buyer who was the best fit for my employees and customers. I am glad that I made the decision to choose Matrix for there were many challenges along the way and they were there to help. Sean Dooley and Nate Wah were more than helpful in walking me through those challenges. I would recommend Matrix to anyone who was considering selling their business."

Mr. Dooley added, "We very much appreciate the trust that Tom placed in us to advise him on the sale of the Company that he and his family worked so hard to build. It was a pleasure working with him and the Ferrellgas team on this transaction, and we wish Tom and Jason all the best in their future endeavors."

Stephen Kappos served as legal counsel for Eastern Sierra.

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

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.

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

Matrix Advises on the Sale of Shape LLC

RICHMOND, Va. /ScoopCloud/ -- 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.

For over half a century, Shape has operated as the premier manufacturer and designer of custom electrical transformer equipment, with its products utilized to regulate output current and ensure constant power across multiple end-uses. From its 40,000 square foot facility in Addison, Illinois, the Company supports the mission-critical needs of its international customer base. Shape's engineers and management team possess over a century of collective experience and were the architects of the ferroresonant transformer, a power supply that uses nonlinear magnetic properties and a resonant circuit to provide a stable output. This technology is particularly applicable to airport lighting, semiconductors, power supplies, and ultraviolet curing. Shape has become an integral piece of its customers' supply chains, as evidenced by numerous decades-long relationships. Following the transaction, all three of Shape's management-owners, Greg Babecki (CEO), Doug Hickey (COO), and David Lanes (CFO), will retain all existing day-to-day responsibilities.

Regarding the transaction, Mr. Babecki commented, "We are excited to have found a partner that both appreciates and complements our Company's unique offerings. We believe there are numerous benefits to this acquisition for our valued employees, customers, and vendors." He added, "We are grateful for Gen Cap's stewardship and partnership over the past nine years and are thrilled for what the next chapter alongside our new partners will bring us."

Matrix provided merger and acquisition advisory services to Gen Cap and Shape, 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 Matt Oldhouser, CPA, Vice President.

Regarding Matrix's services, Gen Cap Director, James Byrd added, "The Matrix team took a thoughtful and hands-on approach to all aspects of the transaction. At every juncture, they provided us with sound explanations underlying their advice. We believe we achieved the optimal outcome based on their experience and counsel."

"It was a pleasure to represent Gen Cap on another divestiture from their portfolio. This is yet another example of a successful investment by their talented team," Mr. O'Flaherty noted. "Shape is a fantastic business managed by exceptional people. I have no doubt that Greg, Doug, and Dave will find success alongside their new partners."

Edward Burrell, Stuart Campbell, and Thomas Dozeman of Stites & Harbison, PLLC served as legal counsel for Shape. Mark Patterson and Chris Hight of KraftCPAs PLLC provided tax and accounting advisory services to the Company.

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

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.

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

Avenu Insights & Analytics Announces the Acquisition of Finvi’s State and Local Government Division

CENTREVILLE, Va. /ScoopCloud/ -- 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.

The acquisition of Finvi SLG, a prominent player in cloud-based payment solutions and court-related software for local governments, is a landmark step for Avenu. It represents our commitment to providing comprehensive, innovative solutions that meet the evolving needs of government agencies and the communities they serve.

Finvi SLG is well-known for its government software solutions that streamline operations, enhance revenue recovery, and improve constituent communication. Its flagship products, RevQ+ and FullCourt Enterprise(tm), have set the standard in omnichannel communication, data integrity, automated workflows, and modern payment solutions.

Empowering Governments with Advanced Technology

This acquisition combines Avenu's extensive experience in enhancing government revenue, optimizing operations, and fostering community trust through digital solutions, with Finvi SLG's proficiency in payment processing and court case management.

The combined capabilities of both entities will offer governments:

* Centralized software and services platform for enhanced citizen experiences.

* Transformative court and legal system solutions, including the FullCourt Enterprise(tm) suite.

* Revolutionary payment processing and operational efficiencies through Finvi's RevQ+ solution.

* Efficient service delivery models that maximize resource utilization and minimize costs.

A Future of Innovation and Excellence

As we integrate Finvi SLG's solutions into our portfolio, Avenu renews its dedication to innovation, quality service, and client success. We are committed to a seamless transition that upholds the high standards our clients expect from us.

"The integration of Finvi SLG represents a transformative leap forward in our quest to revolutionize state and local government operations," said Paul Colangelo, CEO of Avenu Insights & Analytics. "The addition of Finvi SLG will enable us to offer a more comprehensive suite of solutions and services that will not only enhance government operations but also positively impact communities."

About Finvi SLG

Finvi is a premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accounts receivable management, and financial institutions. Finvi allows its client partners to generate more revenue at reduced cost and fulfill their business outcomes by effectively engaging those who pay.

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 solutions digitally transform 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 Arlington Capital Partners. Learn how Avenu helps to unleash the power of compliance and maximize tax collection in this short Compliance Lifecycle video or visit https://www.avenuinsights.com/.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-area private equity firm that has raised $8 billion in limited partner commitments since inception. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. For more information, visit Arlington Capital's website at https://arlingtoncap.com/ and follow Arlington on Linkedin.

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.

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

Matrix Advises on the Sale of Bobby Taylor Oil Company, Inc. & T&S Transport, Inc. to Parker Oil Company

RICHMOND, Va. /ScoopCloud/ -- 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.

The Company was founded in August 1963 by Bobby Taylor, and at the time, operated out of Mr. Taylor's home in Fayetteville, North Carolina. During its first years of business, the Company sold fuel oil, kerosene, and gasoline to its local customer base with just one tank wagon. Seeking to further diversify its business lines, BTOC added propane and racing fuels to its product mix and further expanded its customer base throughout central North Carolina. Following his father's retirement in the early 2000's, Johnny Taylor Jr. assumed the role of President of BTOC, and along with his brothers David and Mark, led the Company through several decades of continued success and growth.

Today, the Company operates two refined fuels and propane bulk plants in Fayetteville and Elizabethtown, NC and employs over 30 dedicated associates. For the past 60 years, Bobby Taylor Oil Company has been highly regarded as a best-in-class operation providing quality fuels and reliable service to the local communities.

Johnny Taylor Jr., the Company's President commented, "Selling a business can be stressful; you will need experts in that field to help you navigate through the process. We were grateful to have Matrix handle this for us."

Matrix provided merger and acquisition advisory services to BTOC, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by John Duni, CFA, CPA, Vice President; Spencer Cavalier, CFA, ASA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; and Jared de Perio, Analyst.

Mr. Cavalier added, "While Mr. Bobby Taylor laid the foundation, Johnny and his family built BTOC into one of the most reputable refined fuels and retail propane distributors in the industry, evidenced by their organic growth and customer retention rates. We were honored to serve as their advisor."

R. Williford McCauley of Williford McCauley - Attorney at Law served as legal counsel to the Company.

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

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.

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

Matrix Announces the Sale of Santmyer Companies, Inc.’s Convenience Retail and Branded Dealer Wholesale Businesses

RICHMOND, Va. /ScoopCloud/ -- 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.

Santmyer was founded in 1952 when Myron Santmyer opened a Gulf service station in Dalton, OH, and became a Gulf distributor. In 1980, Terry Santmyer (Myron's son) purchased the business, which at the time was comprised of just two tank wagons and four employees. Terry began building the Company into a leading full-service petroleum marketer that today employs more than 175 Ohioans. Santmyer purchased a Marathon jobbership in 1999, and in 2012, Zach Santmyer (Terry's son) became president of the Company. Under Zach's leadership, Santmyer expanded into propane, developed the Red Rover brand, became a Chevron-branded lubricants distributor, added the Sunoco and Exxon brands to offer customers a more comprehensive slate of fuels, and leveraged technology to modernize the Company.

In 2021, Zach engaged Matrix to perform a strategic review of the Company to assess capital allocation and the return on investment between business segments. With that analysis, the Company decided to focus on the distribution of propane, commercial fuels, and lubricants. In early 2023, Santmyer purchased the commercial fuels and propane assets of Cole Distributing and made the strategic decision to divest its convenience retail and branded wholesale businesses.

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

Zach Santmyer, President of Santmyer, stated, "We are committed to evolving and growing our Company based on our core competencies, and we engaged Matrix years ago as an advisor in that planning and evaluation process. Based on our strategic goals, we decided to divest our convenience retail and branded dealer wholesale businesses to narrow our strategic focus on commercial fuels, propane, lubricants, automated cardlocks and car washes. This transaction puts Santmyer in a great position to pursue future growth opportunities that align with these segments going forward. The Matrix team ran a very structured process that yielded an outstanding result, and I would like to thank them for the expertise and dedication they provided throughout this transaction."

Mr. Cavalier added, "We have had the honor of working with Santmyer's talented management team for years. Zach and Nate have made a series of strategic decisions to grow the Company's core distribution business. We are thankful to be their advisor."

Christopher Pycraft and Easton Saltsman of Critchfield, Critchfield & Johnston served as legal counsel for Santmyer.

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

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.

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