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