Matrix Capital Markets advised Boyett Petroleum on the sale of its retail business and acquisition of United Pacific's wholesale fuels business.
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Matrix Capital Markets advised Boyett Petroleum on the sale of its retail business and acquisition of United Pacific's wholesale fuels business.
Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised Modesto, CA-based Boyett Petroleum on the sale of its ten company-operated petroleum marketing and convenience retail stores to Apro, LLC d/b/a United Pacific. United Pacific will lease nine of the stores it acquired from Boyett and related-party landlords under long-term lease agreements. In a separate transaction, Boyett has acquired United Pacific’s wholesale fuels distribution business, which consists of approximately 200 fuel supply accounts.
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