Business
B. Riley Acquires Assets of ABTV, Leading Restructuring Advisory FirmFormerly Known as Anderson Bauman Tourtellot Vos
Senior restructuring advisors Ed Sanz and Mike Kain join B. Riley Advisory Services Establishes new B. Riley office in Charlotte, NC LOS ANGELES and
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[{"type":"text","content":"Senior restructuring advisors Ed Sanz and Mike Kain join B. Riley Advisory Services Establishes new B. Riley office in Charlotte, NC\n \nLOS ANGELES and CHARLOTTE, N.C., May 9, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (\"B. Riley\"), a diversified financial services platform, today announced that it has acquired certain assets of ABTV, a leading independent business and financial advisory firm based in Charlotte, North Carolina.\n\n \n \n \n \n \n \n\n \nFormerly known as Anderson Bauman Tourtellot Vos, ABTV specializes in improving and restoring performance and maximizing value for distressed and underperforming organizations. In connection with the transaction, senior restructuring advisors Edward J. Sanz and P. Michael Kain have joined B. Riley Advisory Services. The former ABTV headquarters in Charlotte, NC will be re-established as a B. Riley office.\nIan Ratner, co-CEO of B. Riley Advisory Services, commented: \"ABTV is a well-known entity within the restructuring industry, highly regarded among financial institutions for its decades-long track record of delivering exceptional client service. I have had the great pleasure of knowing and working with Ed for many years and we could not be more thrilled to welcome him and our new colleagues to B. Riley. We look forward to growing our presence across the southeastern and mid-Atlantic U.S. together.\"\nEstablished in 1989, ABTV helps its clients address complex challenges and capitalize on key opportunities that deliver bottom-line results. The firm has a strong legacy in the corporate revitalization industry as a pioneer and leader for over 30 years. As a founding member of the Turnaround Management Association (TMA), the firm was active in developing the industry's professional standards and certifications including the Certified Turnaround Professional (CTP) designation.\nEd Sanz, Managing Partner of ABTV, commented: \"This represents a meaningful chapter in ABTV's history. Joining B. Riley enables us to deliver expanded depth and breadth of capabilities to better support our clients' needs from strategy through execution. Our clients gain enhanced litigation support, deeper industry specialization, and access to services offered by a leading middle market investment bank. We look forward to expanding our relationships as part of B. Riley and contributing...