tiprankstipranks
B. Riley Financial Partners with Oaktree for Growth
Company Announcements

B. Riley Financial Partners with Oaktree for Growth

The latest announcement is out from B Riley Financial ( (RILY) ).

Don't Miss our Black Friday Offers:

B. Riley Financial has partnered with Oaktree Capital Management to form Great American Holdings, consolidating its Appraisal and Valuation Services, Retail, Wholesale & Industrial Solutions, and Real Estate businesses. This strategic move, valued at $386 million, allows B. Riley to reduce debt and retain significant equity while benefiting from Oaktree’s investment expertise. Expected to close in late 2024, the partnership aims to enhance financial services offerings and foster growth opportunities.

For detailed information about RILY stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskB Riley Financial Partners with Oaktree for Strategic Growth
TheFlyB Riley Financial options imply 7.4% move in share price post-earnings
TheFlyGreat American Group launches as new independent business
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App