Matrix Capital Markets Group, Inc. announces the successful closing on the sale of Kocolene Marketing, LLC’s convenience store assets to Alimentation Couche-Tard, Inc., through its wholly-owned subsidiary, Mac’s Convenience Stores, LLC. The Company’s assets acquired by Couche-Tard include 13 company operated convenience stores with motor fuel offerings in Indiana and Kentucky, as well as the underlying real estate at 12 of the locations.

Kocolene Marketing, LLC is a large fuels distribution, petroleum marketing and convenience store company based in Seymour, Indiana with operations in Indiana and Kentucky. After the sale, the Company will continue to operate a wholesale motor fuels distribution business, seven company operated retail fuel outlets, and 14 Smoker’s Host retail tobacco stores. The Company is a wholly owned subsidiary of Kocolene Development Corporation, a fourth generation, family run business founded in 1938 by Carrie M. Myers and currently managed by Gary F. Myers, Chairman and CEO of Kocolene, Andrea S. Myers, President of Kocolene Marketing, and Kevin Johnson, Executive VP & CFO of Kocolene Marketing, who was integral to managing the transaction process on behalf of the Company. Kocolene also owns controlling interests in Ranger Enterprises, LLC, a warehousing, logistics, and recycling business, and Komack Environmental, LLC, an environmental remediation services company. Kocolene is 100% owned by the Kocolene Development Corporation Employee Stock Ownership Plan.

Matrix provided merger and acquisition advisory services to Kocolene, which included valuation advisory, marketing of the Company through a customized, confidential, structured sale process, and negotiation of the transaction. The transaction was co-managed by Cedric Fortemps, Managing Director and Vance Saunders, Director. Tom Kelso, Managing Director and Head of Matrix’s Downstream Energy & Retail Group, Stephen Lynch, Senior Associate, and Kyle Profilet, Analyst, also advised on the transaction.