Business
BRC Group Holdings Seeks to Repurchase Minority Shares of B. Riley Securities and Combine B. Riley Securities with B. Riley Wealth
BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRCGH" or the "Company"), a diversified holding company, today announced a series of strategic actions designed to consolidate its financial services platform, and posture the company for renewed growth while reinforcing its position as a leading, end-to-end capital markets and advisory partner serving the small-cap and middle market.
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"Transaction Expected to Create a Differentiated Capital Solution for the Small-Cap and Middle Market","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, April 20, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRCGH" or the "Company"), a diversified holding company, today announced a series of strategic actions designed to consolidate its financial services platform, and posture the company for renewed growth while reinforcing its position as a leading, end-to-end capital markets and advisory partner serving the small-cap and middle market.","length":442,"tagName":"p"},{"type":"text","content":"The Company intends to repurchase the outstanding shares of B. Riley Securities ("BRS") and seeks to combine BRS with B. Riley Wealth ("BRW"), bringing together the Company's institutional and retail distribution under a single investment banking and wealth management platform. In connection with these actions, BRCGH also announced leadership changes at BRS.","length":384,"tagName":"p"},{"type":"text","content":"Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH, said: "There is a critical and growing need for capital in the small-cap and middle market to support the key initiatives of clients. This capital is often time-sensitive, highly structured, and offers attractive risk-adjusted returns. It is often sourced through non-traditional providers such as hedge funds and family offices through a process that is expensive, complex, time-intensive – and that, when not paired with holistic investment banking solutions, can be unnecessarily restrictive to clients and impede their growth.","length":599,"tagName":"p"},{"type":"text","content":""With its renewed financial strength, BRCGH recently formalized this activity with the launch of BRC Specialty Finance platform.","length":133,"tagName":"p"},{"type":"text","content":""To more efficiently deploy our combined capital resources and continue to accelerate growth of the platform, BRCGH will pursue a repurchase of the approximately 8% of minority shares of BRS not already owned by BRCGH. Upon completion, BRS expects to be one of the few investment banks supporting its clients with this type of capital, providing a significant competitive advantage."","length":398,"tagNa...