The acquisition was advised by Matrix Capital Markets Group
The successful acquisition by Revere Gas, Inc. of Dixie Fuel Company and Natural Gas Company has been stated by Matrix Capital Markets Group, Inc., a leading, independent middle-market investment bank.
Revere Gas has enjoyed continued growth and productivity for three generations, led by Carlton Revere, President, and Craig Revere, Executive Vice President, with the two most recent acquisitions adding increased bulk storage facilities and new personnel, in addition to expanding their propane and associated products and services to over 26,000 customers.
Carlton Revere said, “In our talks with Dixie and Mr. Able of Natural Gas, they liked our family-first approach to customer service, and took great comfort in knowing their customer base will be well taken care of. Our size gives the customer advantages in service, price protection plans, and delivery options. We think the acquisitions are a win-win for us and the customers, and we have heard very favorable feedback so far. The team at Matrix was a great partner to have as we navigated the negotiations and due diligence process.”
Matrix provided merger and acquisition advisory services to the Company, which included advising on valuation, deal structuring, and financing options. The transaction was managed by Spencer Cavalier, Managing Director; Vance Saunders, Director; and John Duni, Associate. PWKD10082017
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