Business
B. Riley Acquires Corporate Division of Farber Group, Leading Business Advisory Firm in Canada
Expands restructuring and financial consulting services;Increases cross-border opportunities LOS ANGELES and TORONTO, Feb. 22, 2023 /PRNewswire/ -- B. Riley
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[{"type":"text","content":"Expands restructuring and financial consulting services;Increases cross-border opportunities \nLOS ANGELES and TORONTO, Feb. 22, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (\"B. Riley\"), a diversified financial services platform, today announced that it has acquired the corporate division of Farber Group ('Farber\"), a Toronto-based restructuring and business advisory firm.\n\n \n \n \n \n \n \n\n \nB. Riley has acquired the corporate division of Farber Group, a Toronto-based restructuring and business advisory firm.Farber provides corporate restructuring and related advisory services, M&A corporate finance, wealth management, interim management and executive search, human capital advisory, organizational and talent development and related consulting services to corporate clients, entrepreneurs, law firms, lenders, private equity firms, regulators, and investors across Canada.\nIn connection with the acquisition, Farber's corporate division will become part of B. Riley Advisory Services. The acquisition adds 45 staff, including 16 experienced restructuring professionals, to B. Riley's established restructuring and turnaround management practice. The Canadian practice will operate under the name B. Riley Farber. Farber's consumer and tax divisions are not included in this transaction and will continue to service their clients in the normal course.\nIan Ratner, co-CEO of B. Riley Advisory Services, commented: \"The Farber acquisition represents an exciting addition for B. Riley. This is a world-class organization with whom we have enjoyed a long-standing relationship for over 15 years. We look forward to growing our capabilities and collective foothold across the North American market alongside our trusted partner.\"\nGary Lifman, Senior Managing Director at Farber, commented: \"We are thrilled to become part of B. Riley. This combination catapults our firm into a class of its own. Together, our combined resources and scale enable us to offer our clients greater expertise, experience, and industry specialization. Our established trust, aligned cultures, and shared values allow us to seamlessly collaborate to provide greater value to our stakeholders. As part of B. Riley, our focus remains dedicated to providing the same superior service our clients have known for years.\"\nExpands New and Complementary Financial...