27-06-2025
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.
