Graham Enterprises Acquires 10 Stations From RWJ Management Co.

Deal includes 10 stations in the Chicagoland area.

Graham Enterprises Inc. has purchased 10 BP branded retail convenience store gas stations from RWJ Management Co. Inc. The sites are located in the greater Chicago area.

Graham Enterprises Inc. purchased the properties on July 19, pursuant to an Order of the U.S. Bankruptcy Court having jurisdiction over the matter, from RWJ Management Co. Inc and related companies (RWJ Crestwood LLC, RWJ Downers Grove LLC, RWJ Elmhurst LLC, RWJ Forestview LLC, RWJ Glen Ellyn LLC, RWJ Management Co. II, Inc., RWJ Munster LLC, RWJ Plainfield LLC, RWJ Romeoville LLC, RWJ Wauconda LLC, RWJ Yorkville LLC).

Matrix Capital Markets Group Inc.  provided merger and acquisition advisory services to RWJ, which included valuation advisory, transaction structuring, marketing, and negotiation.  Matrix designed and implemented a sale process that had 23 parties execute non-disclosure agreements and resulted in seven offers for all of the assets. 

The transaction was managed by Tom Kelso, Managing Director and head of the Matrix Energy and Multi-Site Retail Group and Cedric Fortemps, Director.  Vance Saunders, Vice President and Stephen Lynch, Senior Analyst also assisted with the transaction.

 “We were determined to work through the many legal and operational challenges that this Case presented, including the branding and deed restrictions on the stores,” Kelso commented. “We are pleased to have achieved this successful result for all of the Company’s creditors, and appreciate the opportunity to have worked with the Chapter 11 Trustee, Philip Martino, and his team to complete the closing.”





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