05.06.20 Wednesday
We are just checking in
By: P. A. (Andy) Weber III

On behalf of our Corner Capital team members, we first wish you, your families, and employees to be safe and healthy during this interesting and uncertain time. Equally important at this point is that we hope your business remains as healthy as possible and prepared to safely and successfully re-emerge when the COVID-19 restrictions are eased.

Since March 17, our team has continued to work with our clients on pending and upcoming transactions across the country. Each client has of course been impacted, but geography matters. California and the Northeast are suffering more intense business challenges than the Midwest, Texas, and the Rockies. As part of our responsibility during this unique time, we have collected thoughts and strategies from all consitutencies in our industry: lenders, private equity, large strategics, multi-channel family distributors, convenience retailers, among many others. If we can be of assistance to you in any way during this time, whether as a sounding-board or a trusted advisor, please don’t hesitate to reach out to any of us at any time. We are all playing for the same team, and we all wish to recover as quickly and safely as possible.

In the meantime, for those of you that want a brief respite from the challenges you face daily, I share with you the following poem and link. It was part of our virtual church service on Easter Sunday – I found it compelling and was grateful that it was shared with my family. We are using this time to reflect on our priorities - and upon such reflection have found them to be in the relationships around us: our families, our communities, our friends, and our colleagues. We at Corner Capital value your relationship with our team.

Praise Song for the Pandemic

Written & Read by
Christine Valtners Paintner

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“Andy Weber and his team at Corner Capital have done exceptional work supporting transactional, valuation, and various proprietary initiatives at our companies. Andy’s extensive industry experience, technical competence, and practical "real world" approach is a valued resource to our organization. The Corner Capital team consistently delivers-----and always in a most timely and impactful manner.”
-M.J. Castelo, Managing Member & President – Andretti Petroleum LLC / Peninsula Petroleum LLC / Humboldt Petroleum Inc.
“Corner Capital demonstrated patience and persistence in our negotiations over a year’s time, solving a complex structuring project. The end result was a tremendous amount of value and a great long-term relationship.”
-Rene Anabi, Anabi Holdings North Master, LLC
“Corner Capital led us through a strategic analysis of our branded dealer business, interfacing with our Board throughout. When the Board determined to exit that segment, Corner Capital expeditiously executed our structured sale process and outperformed our value expectations.”
-Ken McPherson, The McPherson Companies, Alabama
“The folks at Corner Capital demonstrated great leadership and industry knowledge managing our financing requests. I was able to consolidate my debt structure, reduce costs, and create capacity to meet our growth needs. I’ve recommended them to my peers and my customers.”
-Jeffrey Magness, Magness Oil Company
“Corner Capital successfully negotiated and facilitated my refi project and helped me find additional capital to support my ongoing growth plans. They managed all aspects of the project very well and I would not hesitate to use them again or to recommend them to other marketers.”
-Carlos Garza, La Lomita
“On several occasions, we were approached with different opportunities to exit the industry. Before giving any real consideration to any of those options, my family engaged Corner Capital to provide a Fair Market Valuation for our business. As a result, we furthered our engagement to allow Corner Capital to manage the structured process for our exit strategy. Their knowledge, industry experience, and personal touch provided Lois and me the comfort needed to successfully close our transaction with Sunoco. Without a doubt, a wise decision on our part to bring the Corner Capital team into our process.”
-Jim Kolkhorst, Kolkhorst Petroleum & Rattlers Convenience Stores, Texas
“Lard Oil recently engaged Corner Capital Advisors on two projects, first to assist in an acquisition opportunity and the other to manage the process to refinance our Sr. term and revolver facilities. The CCA team brought a wealth of knowledge and expertise and did so under our strict timelines and expectations. I have no reservations of recommending their firm and intend to engage with them as other opportunities present themselves.”
-Johnny Milazzo, President and CEO – Lard Oil Co., Denham Springs, LA