BRC Group Holdings Announces Sangoma Acquisition and Plans $164 Million Note Redemption
BRC Group Holdings (RILY) has outlined a strategic repositioning of its balance sheet, highlighted by the acquisition of Sangoma. The company expects this deal to contribute between $35 million and $40 million in EBITDA, signaling a shift toward durable, cash-flow-generating operating businesses. In tandem with this expansion, BRC Group is planning the redemption of a $164 million note. Co-Founder and Co-CEO Bryant Riley stated that these moves are part of a deliberate effort to redeploy capital into more stable business models to strengthen the company's long-term financial position.
Tickers: $RILY
Topics: asset sale balance sheet repositioning capital redeployment earnings call
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Part of the story BRC Group outlines Sangoma deal, including $35M-$40M of EBITDA contribution, while planning $164M note redemption (2 articles)