Citizens Financial to Acquire Matrix Capital Markets

Citizens Financial Group has entered into a definitive agreement to acquire Matrix Capital Markets Group Inc., an advisory firm focused on the downstream energy and convenience retail sector. Matrix is Richmond, Virginia-based and serves clients across the United States.

Citizens’ wholly owned subsidiary, Citizens JMP Securities LLC, will purchase substantially all of Matrix’s assets, and Matrix will operate as a division of CJMPS after closing. Matrix has completed more than 70 merger-and-acquisition transactions since 2021. The deal is expected to close in Q1 2026, subject to regulatory approvals.