B. Riley Financial

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B. Riley Financial
Traded asS&P 600
NASDAQ Financial-100
Key people
Bryant Riley, Co-CEO
Tom Kelleher, Co-CEO
Websitebrileyfin.com

B. Riley Financial is an American financial services company, known for investing in small cap company[1][2] and retail liquidation.[3][4]

Acquisitions

B. Riley Financial has expanded primarily through mergers and acquisitions. Here are a few of the company’s notable operating subsidiaries:

In 2012, B. Riley acquired Caris & Co., a stock research firm.[5]

In 2014, the company merged with Great American Group, a retail liquidation firm.[6]

In 2018, the company bought restructuring adviser GlassRatner Advisory & Capital Group.[7]

B. Riley also owns several portfolio company. These companies include internet legacy brands such as United Online, whose holdings include NetZero and Juno Online Services.[8].

History

In 1997, Bryant Riley founded B. Riley & Co.[9] as a stock-picking firm serving California companies.[2][10]

In 2014, B. Riley & Co. merged with Great American Group.[11]

References

  1. "Focus on small-cap growth: B. Riley CEO". CNBC. January 22, 2018. Retrieved February 25, 2022.
  2. 2.0 2.1 "Small Caps Boost B. Riley's Growth". Los Angeles Business Journal. March 7, 2005. Retrieved April 26, 2021.
  3. "Retail thought it was facing the apocalypse. Then came the coronavirus". The Los Angeles Times. April 6, 2020. Retrieved February 25, 2022.
  4. Maheshwari, Sapna (November 5, 2019). "Barneys New York Closing Sales Have Started". The New York Times. Retrieved 25 February 2022.
  5. "B. Riley Acquires Caris to Add Research as Other Brokers Close". Bloomberg News. December 17, 2012. Retrieved February 25, 2022.
  6. "Great American to Merge With Investment Bank". San Fernando Valley Business Journal. May 20, 2014. Retrieved February 25, 2022.
  7. "B. Riley Acquires Restructuring Adviser GlassRatner". The Wall Street Journal. May 18, 2017. Retrieved February 25, 2022.
  8. "United Online, Owner of NetZero, Agrees to $170 Million Sale". The Wall Street Journal. May 4, 2016. Retrieved February 25, 2022.
  9. "16 Wall Street Firms Where Bankers And Traders Really Want To Work". Business Insider. February 7, 2013. Retrieved November 17, 2013.
  10. "Curbing Those Echoes on the Phone". Barron's (newspaper). March 21, 2005. Retrieved April 26, 2021.
  11. "B. Riley, Great American Close Merger". Los Angeles Business Journal. June 19, 2014. Retrieved April 26, 2021.

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