Colorado-based Monfort Companies and its affiliates have entered an agreement to sell its petroleum marketing and convenience retail assets to multiple buyers, according to Matrix Capital Markets Group Inc., which advised the sale. Terms of the deals were not disclosed.

Headquartered in Denver, Colorado, Monfort owned and operated approximately 80 convenience stores across Colorado, Minnesota, Oklahoma, Texas and Wisconsin prior to the divestment. It has been divesting its retail portfolio through several sales since 2023, selling to buyers including Azan Petro, LLC; 7-Eleven Inc.; Kent Kwik Convenience Stores; and Diamond Jubilee Oil LLC.

Founded in 1930, Monfort has a long-standing history of investing in and supporting local businesses throughout Colorado, Matrix said. In 2013, the company acquired its first convenience stores in Denver, Colorado.

Over the following decade, Monfort grew its footprint in the convenience retail industry, acquiring and operating select sites.

Alon Mor, CEO of Monfort Companies, commented, “Monfort has always invested with purpose. Growing a portfolio of nearly 80 stores across five states in just over five years reflects our team's ability to identify opportunity and execute. We're grateful for Matrix's partnership throughout this process, and we look forward to redeploying this capital into the next chapter of our growth.”

Earlier this month, Matrix Capital Markets Group Inc entered into a definitive agreement to be purchased by Citizens Financial Group Inc.

The transaction will be funded with cash. Under the terms of the agreement, Citizens’ wholly-owned subsidiary, Citizens JMP Securities LLC (“CJMPS”) will purchase substantially all the assets of Matrix and upon closing, Matrix will operate as a division of CJMPS. The transaction is expected to close in the first quarter of 2026. Additional terms of the deal were not disclosed.