Home • Founders Circle • Advisors Circle • Careers • News, Info & Events • Contact • Site Map 
Print Page
Print PageSelect Case Studies
  | Aces Limited Northeast Consolidators, Inc. and Aces, Ltd., based in Scituate, MA is a leading provider of freight-forwarding and logistics services to forest products companies across the country. Ownership sought to provide liquidity event for shareholders, identify a strategic partner that would deliver technology and additional resources to its customer base, and negotiate a career for CEO Cindra Zambo who wanted to continue ... More |
  | Acme Petroleum & Fuel Co., Inc. Matrix was engaged to provide restructuring services to Acme Petroleum and Fuel Company, Inc. and Acme Properties LP. At the time of engagement Acme had less than a month to file for bankruptcy due to their cash burn rate.
After quickly assessing the company’s situation, Matrix immediately negotiated a Debtor-in-Possession (DIP) facility in preparation for filing for Chapter 11 bankruptcy protection. ... More |
  | Addressograph DataCard Corporation, a thriving $350 million manufacturer of photo ID, embossing and encoding systems realized that its Addressograph Division, whose primary product is pressure sensitive credit card imprinters, had been declining due in large part to competition from more advanced magnetic technologies.
Consequently, DataCard decided the best strategy was to divest Addressograph and subsequently offered the division ... More |
  | Aeriform With much improved financial performance over the last two years, majority shareholder decided to exit their investment and held numerous meetings with investment banks to determine valuation and merits of each group.
After receiving detailed information from the Company, Matrix relied on its industry knowledge to provide a sale-of-control valuation range supported by detailed cost savings and synergy analyses for each ... More |
  | Aerodyne Alloys, Inc. Aerodyne Alloys, Inc. (Aerodyne), a worldwide distributor of high temperature nickel, cobalt, and titanium alloys, was a wholly-owned subsidiary of Ulbrich Stainless Steel & Specialty Metals, Inc. (Ulbrich), a major stainless steel processor, distributor and service center operator.
While complementary to Ulbrich’s core business, Aerodyne was never integrated into Ulbrich’s operations and largely ... More |
  | American Commercial, Inc. American Commercial, Inc., based in Bristol, Virginia, is the leading North American designer and manufacturer of underground steel supports used primarily in the underground construction and mining industries.
ACI had been approached by DSI USA, a subsidiary of Munich, Germany based DYWIDAG-Systems International. DSI is a global manufacturer of products for the mining and tunneling industries and a portfolio company of ... More |
  | Angus I. Hines, Inc. Angus I. Hines, Inc. operated a 48-store petroleum marketing and convenience store chain located primarily in the western and Tidewater regions of Virginia. The chain had sales of over $175 million in 2004. Through the sale of the Company’s retail stores, the owners were seeking to monetize their ownership in the Company and retire. Matrix was engaged as the investment banker after presenting a comprehensive ... More |
  | Ann Arbor Machine Company Ann Arbor Machine Company, a leading designer and manufacturer of customer made machine tools, with annual revenues of $66mm, had been successfully owned and operated as a privately-held business for over thirty years.
The founder, CEO and principal shareholder, Bob Betzig, after a fifty year career in the industry, was looking to retire.
Ann Arbor Machine was well positioned and out performing its industry, which was ... More |
  | ASAP Industries, LLC ASAP Industries, LLC, based in Houma, Louisiana, is a full service, API certified, precision machining and fabrication business that specializes in the manufacture, repair, and refurbishment of equipment used in the drilling and production of oil and natural gas.
After founding the Company in 2001, ASAP’s General Manager was seeking a liquidity event for himself and the 12 other shareholders, as well as an ... More |
  | ASC Industries ASC Industries, headquartered in North Canton, Ohio with major manufacturing operations in both the U.S. and China, is the leading North American manufacturer of new, aftermarket water pumps for automotive applications. Products are sold through the mass retail and aftermarket automotive retail channels. Shareholders sought a liquidity event, growth capital and a new financing relationship that would support aggressive ... More |
  | ATCO Anderson-Tully Company (ATCO) of Memphis, TN specializes in the management of quality hardwood timber stands and the production of hardwood lumber for domestic and foreign use.
ATCO entered the production and marketing of engineered hardwood flooring under the Capella Hardwood Floor brand as a means to diversify its core operations.
The Capella brand is well recognized in the marketplace and is sold through a number of ... More |
  | Bagwell Oil Company, Inc. Faced with increasing competition from new-to-industry, new-prototype stores, Bill Bagwell, President of Bagwell Oil Company, Inc. approached Matrix with the desire to sell the company’s retail petroleum marketing and c-store assets.
Matrix analyzed historical financial performance and reviewed property characteristics for each site. After visiting each store and evaluating the competition and the prospective ... More |
  | Board Dudes, Inc. Board Dudes, Inc., based in Corona, California, is a leading designer and marketer of branded school, office and home products sold through the mass retail channel nationwide. The principals of Board Dudes had the majority of their personal net worth tied up in the business. The owners sought a larger parent to help fund working capital for their rapidly growing Company, as well as personal liquidity and risk ... More |
  | Bolection Door Consolidated Fiber, LLC of Greensboro, NC specializes in the production of medium density fiberboard (MDF) doors under the trade name Bolection Door.
Due to its rapid growth, the company was operating near full capacity, and a sizable facility expansion was soon going to be required to support projected future growth.
The owners were faced with the dilemma of either investing additional capital in the business, adding ... More |
  | Briggs Hospitality The potential client, Briggs Hospitality and related real estate entities (Company), owned and operated three Richmond, VA-area hotels with significantly varied levels of service, quality, size, real estate ownership, and other characteristics.
The owners of the Company were interested in selling all of their hotel assets to monetize their combined equity and in order to retire.
Matrix advised that in order to maximize ... More |
  | C.R. Quesenberry, Inc. The shareholders of C.R. Quesenberry, Inc. wanted to maximize the value of the business that they had started and managed for multiple generations. They approached Matrix to customize a sale strategy.
The Company was in discussions with two potential acquirers. One of these parties submitted a verbal offer, but based on Matrix’s advice, C.R. Quesenberry decided to engage Matrix to run a competitive ... More |
  | Carroll Branded Fuels BP announced its plans to divest its retail and wholesale assets in the Baltimore-Washington region.
Understanding that the competition for assets in such a highly lucrative market was going to be fierce, Carroll Branded Fuels retained Matrix to make sure they took full advantage of this once-in-a-generation opportunity. The EMR team at Matrix was able to offer unique insight into BP’s divestment criteria based on ... More |
  | Club Colors Club Colors is a Schaumburg, IL based value-added provider of promotional products and logo apparel to the corporate and collegiate market. Matrix was retained by Club Colors’ parent. RAF Industries, to conduct a full auction process. Shareholders not only desired to move quickly and maximize their return, but also wanted to ensure that management would have a supportive partner going forward with whom they ... More |
  | D.Q.S. International B.V. D.Q.S., headquartered in Rotterdam, Netherlands, is one of the world’s leading designers and manufacturers of analytical sampling systems to process manufacturers.
M&A International partner firm Holland Corporate Finance served as the exclusive advisor to D.Q.S. in the sale of the business. Holland Corporate Finance and D.Q.S. believed that there would be significant interest from U.S. acquirers and ... More |
  | DB Companies, Inc. DB operated and franchised a regional chain of “DB Mart” convenience stores in Connecticut, Massachusetts, Rhode Island and the Hudson Valley of New York. Increased competition and compressed motor fuels margins led to a substantial decrease in cash flow and the inability for the Company to continue to make debt service payments. The Company’s financial distress led to an exploration of strategic ... More |
  | Delek U.S. Holdings, Inc. Delek U.S. Holdings (NYSE: DK) contacted Matrix to pursue a sale of its Virginia division as it had decided that the division was no longer a strategic fit to its core operations. Based on the diversity of the asset strength, format, and condition, we advised Delek to proceed with a broad sale process that allowed buyers to submit offers on all of the stores, groups of stores, or individual stores. Matrix utilized our ... More |
  | Dimension Data/Proxicom Dimension Data Plc (LSE: DDT.L), is a South Africa based provider of network infrastructure solutions with $2.1 billion in sales.
Proxicom, founded by Raul Fernandez in 1991, is a leading Web development and IT services firm headquartered in Reston, Virginia. Dimension Data acquired Proxicom in 2001 for $448 million.
Proxicom was burdened with expensive excess lease obligations that resulted from the Company’s ... More |
  | Dimex Corporation Dimex Corporation, headquartered in Marietta, Ohio, is a highly profitable plastics extrusion business with a sophisticated raw material supply capability that involves reprocessing off-spec and scrap plastic material for use in its own extrusion operation and for resale in the marketplace. Shareholders sought to monetize a significant portion of their ownership interest to diversify their investment holdings, while ... More |
  | Donsons Distributing Founded in 1957, Donsons was a leading independent broadline foodservice distributor serving eating establishments, healthcare facilities, schools and institutions located along the Rocky Mountain Front Range. The Company had grown organically and through acquisitions to approximately $50 million in revenues. However, it was operating in an industry experiencing hyper-consolidation, and management began to ... More |
  | eatZi’s Market & Bakery eatZi’s Market & Bakery was an innovative specialty retailer that provided convenient, chef-prepared, restaurant quality home meal replacement solutions. eatZi’s had $56 million in revenues at the time of the transaction and operated four retail locations. eatZi’s founder, Phil Romano, who also founded Fuddruckers, Romano’s Macaroni Grill and Cozymel’s, and his management team ... More |
  | Excel Bolton/Langley & Associates set a strategy to purchase a middle market company with aspirations of making it a dominate player in its industry. Bolton/Langley had wide-ranging areas of interest and looked to Matrix to help establish specific search criteria. Bolton/Langley engaged Matrix to manage the strategic acquisition process. Matrix began an intensive search, contacting many companies.
Matrix and ... More |
  | Excel Homes Excel Homes is one of the largest builders of high-end modular homes in the country with three plants in Pennsylvania and West Virginia.
Having successfully acquired and built Excel Homes and Avis America Homes for over seven years, the shareholders were considering an offer from a strategic acquirer to acquire 100% of the company with a significant portion of the consideration in structure. The shareholders desired to ... More |
  | Fas Mart Fas Mart is a convenience store chain and petroleum marketer with 169 locations in the Mid-Atlantic. At the time of the transaction, the company was generating approximately $4.6 million of EBITDA. Matrix was retained by U.S. Bankruptcy Court Trustee, Keith L. Phillips, to manage the asset sale of Fas Mart. Prior to Matrix’s involvement, an offer had been negotiated for $30 million. Matrix marketed the company both ... More |
  | Fast Fabricators Fast Fabricators, Inc., based in Bloomfield, CT, is a leading fabricator of ductile iron pipe products used in the water and wastewater treatment industries and the recognized leader for short lead-time, small quantity orders.
The Company was in the process of relocating and consolidating a number of facilities to increase efficiency and lower overhead. The shareholders of Fast Fabricators sought to identify a buyer who ... More |
  | Fast Lane R.R. Morrison & Sons T/A Fast Lane Stores is a leading $145 million convenience store chain in the South, operating 49 premier C-stores and one QSR in Tennessee, Mississippi and Louisiana. Shareholders were looking to maximize value and wanted to pursue a broad marketing approach to strategic acquirers, yet maintaining confidentiality was critical. Matrix applied a creative marketing approach - packaging the sale as ... More |
  | FFP Marketing Company, Inc. FFP Operating Partners, L.P., through its wholly owned subsidiary, FFP Marketing Company, Inc., had been operating under Chapter 11 protection for approximately 18 months when the Debtor’s Reorganization Plan was rejected and the stakeholders decided to make independent decisions regarding their collateral. The Debtor approached Matrix to explore a liquidating sale of all of its unencumbered company-operated and ... More |
  | Fike's Dairy Fike’s Dairy, Inc., based in Uniontown, Pennsylvania, is a leading, regional, fresh milk supplier, serving grocery chains, convenience stores and food distributors throughout the Mid-Atlantic markets. Having successfully owned and operated Fike’s Dairy for over 14 years, the shareholders believed the consolidation in the industry would provide an opportunity to maximize the value of their investment. Matrix ... More |
  | Fleet Laboratories - Clean Chemical Sweden AB Fleet is a Lynchburg, Virginia based manufacturer and marketer of branded personal care and hygiene products with approximately $200 million in sales. Fleet was already active in many European countries, including the U.K., Spain, Italy and Australia. Fleet sought to acquire a company or brand that would complement its existing product lines and increase its European distribution.
Management struggled with how best to ... More |
  | Fleet Laboratories - SunTrust Bank NA Fleet is a Lynchburg, Virginia based manufacturer and marketer of branded personal care and hygiene products with approximately $200 million in sales. Fleet was in the process of closing on its acquisition of Swedish skincare manufacturer CCS from private equity firm Segulah. Fleet sought to secure a senior, unsecured facility to finance its acquisition. The facility needed to close in a very tight time frame ... More |
  | Flowers Sent Today Flowers Sent Today is one of the country’s largest providers of flowers and floral arrangements to consumers nationwide. The Company is the largest advertiser of floral services in the Yellow Pages Directories in the U.S. and is also a significant order gatherer through internet advertising. Management wanted to receive a partial liquidity event for certain shareholders, reallocate equity among ... More |
  | Framatome ANP Framatome Advanced Nuclear Power purchased a large engineering services company to expand its U.S. presence. One of the divisions of the acquired Company did not fit with Framatome’s long-term strategic focus.
Framatome wanted to sell the division but was very concerned about the sensitive nature of a sale and the impact that the process would have on the management team who were also interested in ... More |
  | Garsite Company had known, unreported environmental issues at both manufacturing locations (from defunct predecessor entities), but had not yet quantified the estimated risk.
Company’s shareholders sought to maximize value while eliminating any exposure to environmental liability from predecessor entities. Robust auction process was conducted with multiple potential buyers.
Process facilitated by VDR that included Phase ... More |
  | Hartley Company Based on recommendations from colleagues, Tom Hartley, President, and the team at The Hartley Company approached Matrix about divesting 24 of their retail assets where performance had deteriorated due to increased competition.
The EMR team at Matrix analyzed financial performance, collected property information and visited each site. After evaluating the units, we developed a market value for each store under various ... More |
  | Herndon Oil Corporation Herndon Oil Company knew that it wanted to rationalize a significant portion of its fifty-five retail asset portfolio, but did not know where to start. The Company retained Matrix to prepare an assessment of the assets and recommend a sales process. To asses all of Herndon’s retail assets and prepare a valuation to serve as a guideline for selecting the assets for rationalization.
To customize, execute and ... More |
  | Huffman Oil Company, Inc. The owners of Huffman Oil Company, Inc. approached Matrix with an interest in selling their retail petroleum marketing and convenience store assets. They wanted to maximize the value of these retail assets and continue to operate their fuel supply business.
Matrix completed a comprehensive valuation of the retail operations based on a review of store level profit and loss statements, copies of leases, environmental ... More |
  | Implus Corporation Implus Corporation, headquartered in Durham, North Carolina, is the number one manufacturer and distributor of performance insoles and related foot and shoe care products. The company has extensive distribution through sporting goods retailers, food and drug stores and mass merchandisers, and generated $32 million in revenues at the time. The founders and management were looking to take-out the inactive majority ... More |
  | Insulation Consulting Supply Corporation Insulation Consulting & Supply Corporation (ICSC) is the largest residential insulation distributor in the U.S. The Company had sales in excess of $100 mm and EBITDA of more than $13 mm. ICSC had grown successfully through six add-on acquisitions, but sought to recapitalize with a private equity firm that would be able to finance future acquisitions and substantial growth. Matrix was engaged to conduct a targeted ... More |
  | Jones & Frank Corp. Jones & Frank Corp., dual-headquartered in Norfolk, VA and Raleigh, NC, is a leading provider of petroleum equipment and services to the retail and commercial segments of the petroleum industry along the East Coast.
Prior to the transaction, Jones & Frank underwent a significant transition between suppliers to better position the Company for future growth. This transition resulted in significant costs to ... More |
  | Kadant Composites Kadant Composites is a leading manufacturer of composite decking and roofing products under the GeoDeck brands, with national distribution and operations in Green Bay, WI and Bedford, MA. Kadant Composites reported approximately $20mm in revenue.
As a subsidiary of Kadant, Inc. (NYSE: KAI) Kadant Composites no longer fit the strategy of its parent company and the decision was made to divest the ... More |
  | King Pharmaceuticals King Pharmaceuticals is a publicly traded manufacturer and marketer of branded pharmaceutical products headquartered in Bristol, TN.
As a result of prior acquisitions, King had inherited a line of animal health products sold to the veterinary market that were considered non-core and a distraction to management. King recognized that there was significant intrinsic value in their branded veterinary pharmaceuticals, ... More |
  | LandSea Systems, Inc. LandSea Systems has been the largest North American distributor for Thrane and Thrane for more than ten years.
During recent years, LandSea Systems had established a strong position in the United States, particularly in the government and military sectors. The primary objective of the transaction was liquidity and retirement for the two founding shareholders while allowing the Company to prosper through the transition ... More |
  | Morgan Noble, LLC Matrix was retained by industry veteran, Robert Haft, President of Morgan Noble, LLC, to assist in locating an acquisition that would leverage his substantial industry experience, which includes starting five companies, taking three companies public, and serving as President of two different $1 billion revenue companies.
Matrix performed an extensive, diligent search based on Haft’s strict criteria.
National ... More |
  | Neighborhood Convenience, Inc. The owner of Neighborhood Convenience Stores, Inc. wanted to maximize the value of the business he had operated for over a decade in order to retire. He engaged Matrix to advise him in the sale of 8 of his 9 Little Sue branded convenience stores.
Matrix determined the market value for each store based on the historic store profit and loss statements, review of property leases and environmental documents, review of the ... More |
  | New England Surfaces New England Surfaces is the exclusive distributor for Dupont branded solid surface (Corian) and engineered stone (Zodiaq) countertops in New England. NES also distributes Merillat branded cabinetry and vinyl and laminate flooring. NES had revenues in excess of $40 million and operated four warehousing facilities throughout New England. Bob Dion, 50% owner and son of the business’s founder, sought to acquire ... More |
  | O'Sullivan Films, Inc. - Konrad Hornschuch AG O’Sullivan Films, a leading producer of polymer and finishing film technologies, was approached by Konrad Hornschuch AG, a portfolio company of Barclays Private Equity, based in Weissbach, Germany. As well, another overseas suitor was formally pursuing the company.
In addition, there were substantial obstacles to overcome as a result of having three different shareholder groups with varying needs and ... More |
  | O'Sullivan Films, Inc. - PolyOne The Engineered Films Group (EFG) of PolyOne Corporation was a leading provider of customized, high-performance polymer films for use in diverse applications, including automotive instrument and door panels, flooring, wall coverings, notebook covers, and pool liners.
PolyOne Corporation (NYSE: POL), a leading global polymer compounding and North American distribution company, made the decision to divest the EFG unit; ... More |
  | Paladin Tools Paladin Tools, based in Oilville, Virginia, is a leading provider of branded hand tools and accessories for the communications wiring industry. The Company’s President and majority shareholder had a significant portion of his personal net worth tied up in the business and sought to retire. Additionally, he believed an acquisition by a larger, better capitalized industry participant could provide the Company ... More |
  | Peterborough Oil Company Peterborough was contacted by a competitor about acquiring its assets but after preliminary negotiations believed that the value proposed by the potential acquirer was not adequate. The Company determined that hiring an advisor was in its best interests, and it contacted Matrix to propose a valuation and sale process. To maximize value by using a broad marketing process to solicit offers on one, some, or all of the ... More |
  | Piedmont Hardwood Flooring Matrix advised Piedmont in its 2001 Ch. 11 bankruptcy filing which led to a sale of the company to Harbinger Mezzanine Partners, previously a creditor of the company.
In late 2002, after numerous improvements to the business, Harbinger once again retained Matrix to explore a sale of the company in order to liquidate its investment. Matrix prepared a comprehensive offering memorandum after conducting extensive due ... More |
  | Ports Petroleum Company, Inc. Based on a long standing relationship, Ports Petroleum Company, Inc. approached Matrix about potentially selling all or the majority of Ports’ assets. Ports recognized that we were uniquely qualified to handle such an engagement due to our understanding of the complexity of Ports’ retail network, which included sites from South Dakota and Nebraska, to Mississippi, Georgia and seven other states in ... More |
  | ProMark Utility Locators ProMark Utility Locators, Inc., and North American Locating, Inc., both headquartered in Chatham, Virginia, are outsourced providers of underground utility line locating and marking services for telephone, power, gas, cable and sewer utilities along with subsurface utility engineering services, respectively. The founder and CEO sought to monetize his investment and to retire from his day-to-day operating role. Matrix ... More |
  | Quarles Petroleum, Inc. Quarles Petroleum, Inc. wanted to divest of its 20 company operated convenience stores and focus solely on its distribution business
Matrix was retained to provide Quarles with valuation and strategic alternatives for divesting the retail assets To maximize the value of Quarles’ retail stores by offering the chain for sale as a whole package, in groups of stores, or individually
Matrix utilized its ... More |
  | Quirk Tires and Service Quirk Tires and Service is a leading distributor of off-road tires and retailer of automotive parts and services. Engaged to assist Quirk in raising capital to complete the acquisition of VIP Discount Auto Center, a retailer of automotive aftermarket parts headquartered in Lewiston, Maine. On behalf of Quirk, Matrix contacted senior and subordinated debt, equity, and real estate groups.
GE Capital provided the senior ... More |
  | RAN Oil Company Based on Matrix’s previous successful bankruptcy sale transactions in the petroleum marketing and convenience store industry, U.S. Bankruptcy Court Trustee, Gary V. Skiba, retained Matrix to manage the sale of the assets of RAN Oil Company, LLC.
23 of the Debtor’s 28 stores had been closed prior to filing for Chapter 7 Bankruptcy Protection and there were two secured lenders holding the properties as ... More |
  | Rennie Petroleum Corporation Matrix was engaged by the debtor to manage the sale of the retail and dealer assets of Rennie Petroleum Corporation.
At the time of engagement, Rennie was already operating under Chapter 11 bankruptcy protection, and both the secured and unsecured creditors agreed that a sale of the assets would maximize returns to all of the stakeholders. Due to the Company’s negative cash flow, the stakeholders sought a sale ... More |
  | Riddleberger Brothers, Inc. Riddleberger Brothers is the largest mechanical contractor in Virginia’s Shenandoah Valley. The Company provides engineering, installation and maintenance of mechanical systems in Central and Western Virginia and serves a diverse group of commercial and institutional clients.
Comfort Systems USA (NYSE: FIX), the nation’s largest mechanical systems installation and service provider, approached Riddleberger on ... More |
  | Robot Pumps Svedala Robot B.V., headquartered in Alphen aan den Rijn, Netherlands, is a leading manufacturer of submersible pumps and pump systems used in wastewater applications.
M&A International partner firm Holland Corporate Finance served as the exclusive advisor to Metso in the sale of the business. Holland Corporate and Metso believed that there would be significant interest from U.S. acquirers and sought a partner to ... More |
  | Rossi American Hardwoods Rossi American Hardwoods is an 80 year old, privately-owned, family business.
In the mid-90’s the majority stockholder sold a significant equity interest in the business to private equity investors and acquired several regional companies over the next several years. However, the company had to suspend their acquisition strategy due to unfavorable industry conditions. Matrix was engaged by the CEO to assist ... More |
  | Rossi American Hardwoods/Hardwood Lumber Manufacturing, Inc. Owners of Rossi American Hardwoods and Hardwood Lumber Manufacturing, Inc. were seeking a Private Equity Fund to support a targeted consolidation strategy.
Due to leveraged balance sheets, working capital availability had become tight thereby restricting operating flexibility. Identify PEG’s that would be willing to research the industry deeply in order to overcome what appeared to be less favorable ... More |
  | RPF Oil Company - BP RPF Oil Company approached Matrix with the strategic goal of shifting their business model to focus on wholesale operations. Matrix advised RPF to purse the purchase of BP’s retail assets in the Detroit market to provide the economies of scale necessary to succeed in a wholesale business.
RPF owned and operated 20 retail units and needed to raise capital to facilitate the acquisition of the BP assets. The EMR team ... More |
  | RPF Oil Company - Fleck's Mart RPF Oil Company approached Matrix with the strategic goal of shifting their business model to focus on wholesale operations. Matrix advised RPF to purse the purchase of BP’s retail assets in the Detroit market to provide the economies of scale necessary to succeed in a wholesale business.
RPF owned and operated 20 retail units and needed to raise capital to facilitate the acquisition of the BP assets. Matrix ... More |
  | Sharon Stairs Matrix was retained by Alliance Holdings, Inc. to sell the Company in a process that would maximize purchase price.
After owning the company for over 9 years, the private equity group was ready to exit its investment in order to pursue several additional platform companies while simultaneously realizing a significant return on its capital.
Since investing in the Company, the CEO had consolidated the Company’s ... More |
  | Southern Convenience Stores, Inc. Mike Frost and Hamp Hager of Southern Convenience Stores, Inc. and its related affiliates approached Matrix to inquire about current industry market valuations, as they were looking to retire in the next couple of years.
Matrix provided evidence of the valuations that they had been seeing in the marketplace and offered to provide some valuation guidance for Southern. After reviewing financial and property ... More |
  | Spencer Turbine Company The Spencer Turbine Company, based in Windsor, CT, is a market leader in the air and gas handling systems market, offering high-end blower, vacuum, and gas booster solutions to industrial, commercial, municipal, and institutional customers.
Founded in 1892, Spencer had developed a large and mature shareholder base in excess of 100 individual shareholders. The Board of Directors sought a full liquidity event for all ... More |
  | Stalcop Matrix was retained by 13i, a Midwest private equity group, to market the Company to domestic and international strategic buyers, as well as to the private equity community 13i sought to find a partner that would recognize the value of the Company’s “Eastern European” manufacturing strategy, as well as continue to support the company’s growth and consolidation strategies Matrix conducted a broad ... More |
  | Stulz Stulz is a leading manufacturer of precision air conditioning systems, headquartered in Hamburg, Germany. The company focuses on the construction of high-quality ventilating and air conditioning systems for human and process applications and on the production and sale of precision air conditioning units for industrial applications. Stulz recognized that establishing a manufacturing presence in the United ... More |
  | Tharpe The Company is a privately held corporate gift and employee recognition program provider with annual revenues exceeding $40 million. The founder, who owned 70% of the company was seeking liquidity for his investment and a financial partner to work with the management team to continue growing the business. Matrix’s mandate was to recapitalize the business with a financial sponsor to provide liquidity for the ... More |
  | Thermex Thermatron, Inc. Thermex Thermatron, Inc., based in Louisville, Kentucky, is a leading manufacturer of industrial microwave and radio frequency heating machines. The company’s majority owner (absentee owner) sought to find a buyer that would provide shareholders with a significant liquidity event yet still maintain a high level of confidentiality and protect the company’s employees and primary customer, which represented ... More |
  | Tri State Foam Products, Inc. Tri State Foam Products, Inc., is a Martinsville, VA based manufacturer of expanded polystyrene foam with products ranging from protective packaging to building products applications. Matrix was retained by Tri State’s CEO to assist the company in evaluating its strategic options, which ranged from growth by acquisition to finding a strong financial partner that would provide the Company’s share holders with ... More |
  | Uni-Marts, LLC - BP BP announced its plans to divest its retail and wholesale assets in select markets of Ohio. Uni-Mart desired to acquire this package of assets. Uni-Mart understood from prior experiences with BP that the process would be highly competitive. Uni-Mart engaged Matrix to advise on valuation, bid structure and positioning the company and addressing the attributes BP values in a competitive bidding process.
Matrix was ... More |
  | Uni-Marts, LLC - Lehigh Gas Uni-Marts, a petroleum marketer and convenience store operator with over 225 assets in Pennsylvania, New York and Ohio that filed bankruptcy, retained Matrix as its investment banker to manage the sale and/or the reorganization of the company. Matrix was approved as a professional in the bankruptcy case. After working with the financial advisor to the Official Committee of Unsecured Creditors to review asset ... More |
  | Western Branch Metals, Inc. Western Branch Metals (WBM), founded in 1976 in Chesapeake Virginia, is the market leader in value-added distribution of marine propeller shafts for the small and mid-sized U.S. boat market. WBM was searching for a strategy to acquire its largest competitor, Gulf Global, owned by Southmet. A large amount of the inventory and, hence, value of Gulf Global was being held by suppliers as security. The owner of ... More |
  | Williamson Oil Company, Inc. Founded in 1965 and based in Fort Payne, Alabama, Williamson Oil is a leading petroleum marketing and convenience store chain, with 88 company-operated units and a large wholesale operation.
The Company’s retail units, which operate as Discount Food Mart, are located primarily in Alabama, with limited locations in Georgia and Tennessee.
The retail and wholesale operations sell over 100 million gallons of fuel ... More |
  | Wooten Oil Company Dillon Wooten, president of Wooten Oil Company, contacted Matrix to help evaluate his 12 store chain in Eastern North Carolina. Dillon and his business partner, Rick Sumner, asked the EMR team at Matrix to value the stores and discuss sale methods that would maximize the value of the assets.
Matrix collected financial and property data from Wooten and developed a preliminary valuation of the stores based on ... More |
