B. Riley Financial announces $117.8M sale of GlassRatner to TorQuest Partners
B. Riley Financial (RILY) announced it has sold its advisory services business, GlassRatner Advisory & Capital Group and B. Riley Farber Advisory, to funds managed by TorQuest Partners for $117.8M. BRF expects to record a gain on the sale of GlassRatner, which it acquired in August 2018, of approximately $66M.
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