B. Riley Financial Adds GlassRatner to Diverse Platform, Expands Business and Financial Advisory Consulting Services
LOS ANGELES, Aug. 01, 2018 (GLOBE NEWSWIRE) – B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”), a diversified provider of financial and business advisory services, and GlassRatner Advisory & Capital Group LLC (“GlassRatner”), today announced they have signed a definitive agreement pursuant to which GlassRatner becomes a wholly-owned subsidiary of B. Riley Financial effective July 31, 2018. Under terms of the agreement, GlassRatner will continue to be managed by Ian Ratner, one of the firm’s founders, and operate under the same brand name. The addition of GlassRatner serves as a new, dedicated business consulting services vertical under B. Riley Financial.
GlassRatner is a specialty financial advisory services firm which advises companies, shareholders, creditors and investors on complex business problems and critical Board level agenda items including transaction advisory and due diligence, fraud investigations, corporate litigation, business valuations, crisis management and bankruptcy. The addition of GlassRatner strengthens B. Riley’s diverse platform with new services and complementary capabilities which enhance the firm’s ability to provide clients with end-to-end services at any stage during the business life cycle. The firm is nationally recognized for its expertise in bankruptcy and restructuring services, forensic accounting and litigation support, valuation services, and real estate consulting.