BRC Group Holdings to Repurchase Minority Shares of B. Riley Securities and Merge with B. Riley Wealth
BRC Group Holdings (RILY) plans to repurchase minority shares of B. Riley Securities and merge it with B. Riley Wealth to create a unified investment banking and wealth management platform. The move aims to enhance capital solutions for small-cap and middle-market clients. Leadership changes at B. Riley Securities were also announced.
Tickers: $RILY
Topics: Capital Markets Corporate Restructuring Investment Banking M&A Wealth Management