Business
B. Riley Financial Adds New Capabilities to Advisory Group; Launches B. Riley Operations Management Services
Veteran Experts Dan Ruskin and Don Weathers Join B. Riley Advisory to Focus on Operational Improvement Practice Targeting Industrial Manufacturers LOS
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"Veteran Experts Dan Ruskin and Don Weathers Join B. Riley Advisory to Focus on Operational Improvement Practice Targeting Industrial Manufacturers\n\n\nLOS ANGELES, Nov. 5, 2020 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) (\"B. Riley\" or the \"Company\"), a leading business advisory and financial services company, today announced the launch of B. Riley Operations Management Services, LLC. The new entity was formed following the acquisition of certain assets from Anchor Resource Management (ARM) Consulting, LLC, a firm with a reputation of developing repeatable operational improvements for companies with troubled manufacturing processes. Dan Ruskin and Don Weathers, founders of ARM Consulting, will lead B. Riley Operations Management Services, which will operate under B. Riley Advisory Services. \nB. Riley Operations Management Services' focus is to assist middle market manufacturing companies that are seeking ways to produce more efficiently and operate leaner at any point during their business life cycle. With their expert assistance, B. Riley Operations Management Services helps clients to achieve these operational goals and generate substantial financial savings for their clients' businesses. \n\"Dan Ruskin and Don Weathers are highly respected individuals and industry visionaries who have built ARM Consulting into an extraordinary company with over 450 successful engagements with businesses in transition, helping their clients achieve billions in annual savings and enhancing stockholder value,\" said Tom Kelleher, co-Chief Executive Officer, B. Riley Financial. \"We're thrilled to have Dan and Don lead our new B. Riley Operations Management Services business.\"\n\"The launch of B. Riley Operations Management Services will deepen and expand B. Riley's expert restructuring capabilities and help us service our clients with additional offerings around acquisition diligence, executive management, launch coordination, purchasing and inventory management, and quality systems,\" said Bryant Riley, Chairman and co-Chief Executive Officer, B. Riley Financial. \"Working seamlessly with our other B. Riley Advisory Services offerings, we believe that B. Riley Operations Management Services will also help us in identifying and assessing many middle market manufacturing companies seeking investments in the form of equity or de...