Matrix Capital Markets Group will discuss the recent consolidation in the industry and how the macro economic turmoil due to COVID-19 has impacted activity and could impact potential future transactions. In addition, Spencer Cavalier and Cedric Fortemps, Co-Heads of Matrix's Downstream Energy and Convenience Retail Group and Managing Directors and Principals, will share general observations from current deal activity and the different perspectives being shared by consolidators and capital providers to the industry.
Cedric is Co-Head of the Downstream Energy & Convenience Retail (DER) Group and is responsible for new client development and managing all aspects of client transactions. He advises clients on company sales, corporate carve outs, capital raises, recapitalizations, special situations, valuations, strategic planning, and assisting clients with acquisitions of target companies. Cedric joined Matrix in 1998 and has advised numerous companies on various transactions, with the majority of those companies being petroleum marketers, fuels distributors, and convenience store chains; including Warren Equities, Inc., Victory Petroleum, Inc., Cumberland Farms, Inc., Express Lane, Inc., Angus I. Hines, Inc., and Rogers Petroleum, Inc.
Cedric has also advised real estate investment trusts, municipalities, hospitality, specialty retail, manufacturing, distribution, consumer services, and business services companies, including Getty Realty, Inc., eatZi’s Market & Bakery, Inc., ZOOTS, and Connecticut’s Department of Transportation. He has also been employed as a professional in excess of a dozen Chapter 11 bankruptcy cases, including DB Companies, Inc., Acme Petroleum & Fuel Co. Inc., and Fas Mart, and has provided expert testimony in court on behalf of some of those clients. In addition, Cedric has successfully advised clients in financial distress on transactions outside of bankruptcy.
Cedric received a B.S.B.A. with a concentration in Finance and graduated cum laude from the University of Richmond. He is a CFA Charterholder and member of the CFA Institute. He is qualified as a FINRA General Securities Representative (Series 7), General Securities Principal (Series 24), Introducing Broker-Dealer Financial and Operations Principal (Series 28), Uniform Securities Agent (Series 63) and Investment Banking Representative (Series 79). He also serves on the Advisory Board for the University of Richmond’s Student Managed Investment Fund and has been a guest lecturer for the University’s MBA Program.