A screenshot of the Matrix website.
With its eye on deals around the Southwest, a downtown Richmond-based investment banking firm has set up shop in the Lone Star State.
Matrix Capital Markets Group on Wednesday announced the opening of an office in Dallas, to be manned by Robbie Radant, a veteran of convenience store giant 7-Eleven.
The Dallas outpost is Matrix’s fourth office, joining its Richmond home base in Two James Center and locations in Baltimore and Chicago.
“We think that Texas and other parts of the Southwest are really great opportunities for us,” said Tom Kelso, head of Matrix’s Downstream Energy & Retail Group. “But we think you actually have to have an office and a team of people physically located in that area to be effective in terms of business origination.”
Robbie L. Radant
Radant most recently served as the Slurpee purveyor’s vice president of mergers and acquisitions, overseeing the closing of 27 acquisitions totaling $3 billion and involving 1,400 convenience stores, in addition to the sale of 300 store locations.
Those deals helped bring Radant and Matrix together, Kelso said. One of Matrix’s bigger industry categories is representing parties in deals in the so-called downstream energy sector, which involves fuel storage terminals, motor fuel distributors and convenience stores. The firm worked many deals over the years that involved 7-Eleven on either side of the table and got to know Radant.
Kelso said the firm had a pin the map for an eventual office in Texas and Radant came along at the right time.
“We’ve been talking about an office in Dallas for a long time, but actually he came to us,” Kelso said. “It’s really a marriage of our acknowledged need and an opportunity that came to us.”
Kelso said Radant is a one-man show in Dallas for now, but the firm will look to add support staff, as well as investment bankers on the ground there.
Founded in 1988, Matrix works deals in several industry categories, including building products, business services and consumer products.
Kelso said 2016 has been a “very good year,” with about a dozen transactions closed across various industries.
Particularly, he said the firm’s healthcare division, which was created about two years ago, in has had a strong run since its inception.
A screenshot of the Matrix website.
With its eye on deals around the Southwest, a downtown Richmond-based investment banking firm has set up shop in the Lone Star State.
Matrix Capital Markets Group on Wednesday announced the opening of an office in Dallas, to be manned by Robbie Radant, a veteran of convenience store giant 7-Eleven.
The Dallas outpost is Matrix’s fourth office, joining its Richmond home base in Two James Center and locations in Baltimore and Chicago.
“We think that Texas and other parts of the Southwest are really great opportunities for us,” said Tom Kelso, head of Matrix’s Downstream Energy & Retail Group. “But we think you actually have to have an office and a team of people physically located in that area to be effective in terms of business origination.”
Robbie L. Radant
Radant most recently served as the Slurpee purveyor’s vice president of mergers and acquisitions, overseeing the closing of 27 acquisitions totaling $3 billion and involving 1,400 convenience stores, in addition to the sale of 300 store locations.
Those deals helped bring Radant and Matrix together, Kelso said. One of Matrix’s bigger industry categories is representing parties in deals in the so-called downstream energy sector, which involves fuel storage terminals, motor fuel distributors and convenience stores. The firm worked many deals over the years that involved 7-Eleven on either side of the table and got to know Radant.
Kelso said the firm had a pin the map for an eventual office in Texas and Radant came along at the right time.
“We’ve been talking about an office in Dallas for a long time, but actually he came to us,” Kelso said. “It’s really a marriage of our acknowledged need and an opportunity that came to us.”
Kelso said Radant is a one-man show in Dallas for now, but the firm will look to add support staff, as well as investment bankers on the ground there.
Founded in 1988, Matrix works deals in several industry categories, including building products, business services and consumer products.
Kelso said 2016 has been a “very good year,” with about a dozen transactions closed across various industries.
Particularly, he said the firm’s healthcare division, which was created about two years ago, in has had a strong run since its inception.