Company News

Matrix Promotes Cavalier to Director

Has co-managed Herndon Oil, Peterborough Oil sales
RICHMOND, Va. -- Matrix Capital Markets Group Inc. has announced that Spencer P. Cavalier, CFA, has been promoted to director of the firm's Energy & Multi-Site Retail Group (EMR). Over the past 10 years, Cavalier has co-managed many successful merger and acquisition transactions, capital raises, restructurings and valuations. Most recently, he co-managed two successful sell-side advisory assignments, the sales of Herndon Oil Corp. and Peterborough Oil Co. Inc., during a challenging M&A environment.

He has also been actively involved in overall business development [image-nocss] for the firm and has been instrumental in helping to establish the Matrix EMR Team as one of the top financial advisory groups in the energy and multi-site retail industry.

Tom Kelso, a managing director and principal at Matrix, said Cavalier "is an exceptionally accomplished investment banker and this promotion is long overdue and richly deserved. His efforts have resulted in exceptional value to our clients."

Prior to joining Matrix, Cavalier was a senior business valuation consultant with Ellin & Tucker, Chartered, a nationally recognized business valuation, consulting and accounting firm and a commercial lender with NationsBank (now Bank of America).

Matrix's EMR Group is a leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors. Team members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, private debt and equity raises, corporate restructurings, and corporate valuation and long term planning engagements. These sectors include companies such as convenience store chains, petroleum marketers, fuels distributors, retail propane distributors, heating oil distributors, lubes retailers and distributors, terminal operators, fuels transportation companies, hospitality companies and other specialty retail chains.

Matrix Capital Markets Group is a leading middle-market investment bank headquartered in Richmond, Va. Since 1988, Matrix has focused on providing merger and acquisition and financial advisory services for corporate and privately held companies, including sales and divestitures, staged liquidity transactions, management buyouts and debt and equity placements.

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