Industries Banking/Finance

Matrix Capital Markets opens Chicago office

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Richmond-based Matrix Capital Markets Group, a middle-market investment bank, has opened an office in Chicago.

The company also has an office in Baltimore.

As part of the company’s expansion into the Chicago market, Andrew W. Chidester has joined the company as managing director with the Matrix Consumer & Industrial Products Group. 

John J. Underwood, a vice resident who has been with the Matrix Energy & Multi-Site Retail Team since 2011, also will work in the office.

Chidester was previously managing director with Amherst Partners and Duff & Phelps Inc., both in Chicago.

Since 1988, Matrix has provided merger and acquisition and financial advisory services for privately-held and private-equity owned companies, including sales and divestitures, recapitalizations,  management buyouts, and debt & equity placements.

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