Matrix Promotes Fortemps

Named senior vice president at downstream energy transaction advisor

RICHMOND, Va. -- Matrix Capital Markets Group Inc. has announced that Cedric Fortemps has been promoted to senior vice president. Fortemps has been a member of Matrix's Energy & Multi-Site Retail Group and the Bankruptcy & Reorganization Practice since joining the firm in 1998. Over the past dozen years, he has been a leading contributor on more than 70 successful Matrix engagements including the sales of the Virginia assets of Delek U.S. Holdings, ZOOTS Dry Cleaning, Angus I. Hines Inc., Huffman Oil Co., Briggs Hospitality, C. R. Quesenberry Inc. and FFP Marketing Co. [image-nocss] Inc.

Tom Kelso, a managing director and principal at Matrix and head of the firm's Energy & Multi-Site Retail Group, said, "Cedric has provided excellent advice and service to our clients in helping them maximize the value of their companies over the last dozen years and it is a privilege to work with such a dedicated and talented investment banker."

Matrix's Energy & Multi-Site Retail 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 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.

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 valuations and strategic planning engagements.

Richmond, Va.-based Matrix Capital Markets Group is a leading middle-market investment bank headquartered in Richmond, Virginia. 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.