Matrix Advises Big Mike’s on Sale of Convenience Retail Assets to Good Oil Company
Matrix Capital Markets Group, Inc. has advised Big Mike’s Gas N Go, LLC (“Big Mike’s”) on the sale of its convenience retail assets to Good Oil Company, Inc. Headquartered in Lebanon, Ohio, Big Mike’s is a niche convenience retailer that operates high-performing convenience stores in and around Dayton and Cincinnati.
Founded in 2008 by Mike Schueler, President and CEO of The Schueler Group, Big Mike’s grew from two locations in Troy and Tipp City, Ohio, into a successful regional chain known for clean stores, friendly service, and strong retail offerings. By leveraging his real estate development expertise, Schueler built a respected brand in southwest Ohio’s convenience retail market.
Matrix Capital Group advised Big Mike’s on its sale to Good Oil Company, providing valuation, marketing, and negotiation support. 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; Nathan Wah, CPA, Senior Associate; and Michael Corliss, Analyst.
Schueler praised Matrix for identifying the right buyer and guiding the transaction to completion, and welcomed the buyer to southwest Ohio. Matrix’s Andrew LoPresti commended Schueler’s dedication, calling it a privilege to advise on the transaction.
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, the firm’s 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 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.
The firm’s industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare, and outdoor recreation & marine markets. Its 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, visit www.matrixcmg.com.