B. Riley Financial Announces the $117.8 Million Sale of GlassRatner to TorQuest Partners

Provided By PR Newswire

Last update: Jun 27, 2025

Company Expects to Record Gain on Sale of Approximately $66 Million in Q2 Financial Results

LOS ANGELES, June 27, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has sold its advisory services business, GlassRatner Advisory & Capital Group, LLC (dba B. Riley Advisory Services) and B. Riley Farber Advisory Inc. (collectively "GlassRatner"), to funds managed by TorQuest Partners ("TorQuest") for $117.8 million.