Latest news with #GlassRatner
Yahoo
30-06-2025
- Business
- Yahoo
B. Riley divests advisory services arm to TorQuest
B. Riley Financial (BRF) has offloaded its advisory services unit to funds managed by TorQuest Partners, a Canadian private equity firm, for $117.8m. The advisory services arm comprises GlassRatner Advisory & Capital Group (operating as B. Riley Advisory Services) and B. Riley Farber Advisory. The Los Angeles-based financial services firm acquired GlassRatner in August 2018. It anticipates to record a gain of around $66m from the latest deal in its second-quarter financial results. GlassRatner specialises in a range of professional and advisory services, including bankruptcy and restructuring, forensic accounting, litigation support, construction engineering consulting, transaction support, executive search services, and compliance, risk, and resilience consulting. GlassRatner CEO Ian Ratner said: 'Growing GlassRatner in close partnership with Bryant, Tom, and the entire BRF team, has been an incredible journey. 'We've built a leading platform providing bankruptcy and restructuring services, forensic accounting and litigation support, and other specialty advisory solutions.' GlassRatner collaborates with law firms, lenders, private equity sponsors, and various companies to address complex business issues, including major acquisitions or divestitures, fraud investigations, corporate litigation, and business crises or bankruptcies. Based in Atlanta, Georgia, GlassRatner has around 200 employees across offices in the US, Canada, and Mexico. BRF chairman and co-CEO Bryant Riley said: 'BRF's primary focus moving forward is to return to its historic roots by investing in BRS, our middle-market investment bank, and its complimentary business, B. Riley Wealth Management. 'Divesting GlassRatner will provide additional capital to support growth initiatives and strengthen our capital structure. Maximising shareholder value through ongoing reinvestment in our business remains a critical priority.' BRF, through its subsidiaries and affiliates, offers solutions in investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, as well as auction and liquidation services. In November 2024, BRF agreed to sell a portion of its wealth management business to Stifel Financial, a US-based firm. "B. Riley divests advisory services arm to TorQuest" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
27-06-2025
- Business
- Associated Press
GlassRatner Acquired by TorQuest Partners, Reestablishes Itself as an Independent Brand
Atlanta, GA, June 27, 2025 (GLOBE NEWSWIRE) -- GlassRatner Advisory & Capital Group, LLC ('GlassRatner'), a leading provider of specialty professional and advisory services has reestablished itself as an independent brand following its acquisition by TorQuest Partners from B. Riley Financial, Inc. earlier today. With a 24-year legacy of delivering high-value financial advisory solutions, GlassRatner has built a reputation for excellence in Restructuring, Turnaround Management & Bankruptcy Consulting; Forensic Accounting & Litigation Support; and Transaction Support Services—such as Due Diligence and Quality of Earnings Reviews. In recent years the firm has successfully expanded its reach into Engineering & Construction Consulting, Risk & Resilience Consulting and Executive Search & Interim Management. 'Our brand and culture remain as vibrant and dynamic as ever. We have one of the strongest teams in the industry and are well poised for continued growth. We are well organized, well financed and committed to our clients. Over the past 24 years, we've been a trusted partner for top law firms, lenders, and private equity investors, tackling some of the most complex and high stakes matters. With approximately 200 team members and a dozen locations I feel like we are just getting started,' said Ian Ratner, CEO and co-founder. Justin Catalano, a Partner at TorQuest said, 'We are excited to be partnering on this investment with Ian and the GlassRatner team. GlassRatner is an attractive business with significant growth potential and a strong reputation for service excellence. We look forward to supporting their continued growth in this next chapter.' GlassRatner will be the third platform investment for TorQuest Partners Fund VI, a C$2.3 billion fund. GlassRatner expanded into Canada in 2023 with the acquisition of the commercial group of Farber Financial, which has been operating as B. Riley Farber Advisory Inc. ('B. Riley Faber'). Going forward, the Canadian operations will adopt the unified GlassRatner brand. Together with its office in Mexico City and extensive coverage across the United States, GlassRatner offers seamless advisory services across North America and globally through its partnership with BTG Global Advisory. From an industry perspective, GlassRatner also brings deep expertise through both its dedicated Real Estate Services and Engineering & Construction Consulting practices, ensuring specialized knowledge where it really matters. The firm has also established a portfolio of credentials in sectors including HealthCare, Financial Services & Insurance, Automotive (both Manufacturing and Auto Dealerships), General Manufacturing, Energy, Retail, Food & Beverage, Hospitality, Government, and Non-Profits. 'Our firm continues to be a terrific platform for our team members. Our culture is rooted in collaboration, collegiality, and authenticity,' said Ratner. 'We are attracting some of the best and brightest in the industry and are committed to expanding our team aggressively to meet growing client demand.' GlassRatner's award-winning team has consistently earned recognition across multiple industry publications and organizations, cementing our position as a leader in restructuring, litigation consulting, forensics, and expert witness services. We have been honored with accolades from Global M&A Network's Turnaround Atlas Awards, The Daily Report, The M&A Advisor's Annual Turnaround Awards, and The National Law Journal. About GlassRatner GlassRatner Advisory & Capital Group, LLC and B. Riley Farber Advisory Inc. (collectively 'GlassRatner') is a North American financial advisory services firm providing clarity to complex business challenges and board level agenda items. GlassRatner provides a unique continuum of high value financial advisory services to attorneys and their clients, lenders, private equity investors, and companies of all types—across the US, Canada, and Mexico. Our team of seasoned professionals, with deep industry expertise, provide sophisticated solutions in a transparent, independent and collegial manner, putting clients and their success first. Our advisory services are a unique mix of professional services including restructuring & turnaround management; forensic accounting, litigation support; engineering & construction consulting; risk & resilience consulting; transaction support services including due diligence and quality of earnings reviews, executive search and interim management solutions, and real estate services. To learn more about GlassRatner, please visit About TorQuest Partners Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$5.0 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund VI, a C$2.3 billion fund that held its final closing in December 2023 and completed its first investment in July 2024. TorQuest invests in middle market companies and works in close partnership with management to build value. To learn more about TorQuest, please visit Minela Sejdin GlassRatner 470-346-6822 [email protected]
Bloomberg
27-06-2025
- Business
- Bloomberg
B. Riley Sells Financial Adviser to Private Equity Firm TorQuest
B. Riley Financial Inc. has sold its financial advisory services business GlassRatner to Canadian private equity firm TorQuest Partners, adding to a series of asset sales as the financial services firm deals with its woes. The transaction entails a $118 million sale of GlassRatner Advisory & Capital Group LLC and B. Riley Farber Advisory Inc., collectively GlassRatner, and is expected to score a $66 million gain for B. Riley Financial, according to a statement seen by Bloomberg News.
