Citizens Financial Group (NYSE: CFG) is set to acquire Matrix Capital Markets Group, a Richmond-based advisory firm specializing in the Downstream Energy & Convenience Retail sector. The acquisition aims to bolster Citizens’ sector-focused advisory capabilities and is expected to close in Q1 2026. Matrix will operate as a division of Citizens JMP Securities, LLC, with financial terms undisclosed.
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Citizens to acquire Matrix Capital Markets Group in M&A advisory deal
Citizens Financial Group (NYSE: CFG) is set to acquire Matrix Capital Markets Group, a Richmond-based advisory firm specializing in the Downstream Energy & Convenience Retail sector. The acquisition aims to bolster Citizens’ sector-focused advisory capabilities and is expected to close in Q1 2026. Matrix will operate as a division of Citizens JMP Securities, LLC, with financial terms undisclosed.