LOS ANGELES, Jan. 27, 2021 /PRNewswire/ -- B. Riley
Advisory Services, a leading provider of specialty financial
consulting services and solutions, and subsidiary of B. Riley
Financial (NASDAQ: RILY) ("B. Riley"), is pleased to announce it
was named Middle Market Turnaround Consulting Firm of the
Year for its outstanding leadership in restructuring. The firm
was also awarded in several individual deal categories at the 12th
Annual Turnaround Atlas Awards hosted by Global M&A
Network.
Ian Ratner, Co-Chief Executive
Officer of B. Riley Advisory Services said, "We are extremely proud
and honored to receive the 2020 Atlas Award for Turnaround
Consulting Firm of the Year. This achievement validates B. Riley's
position as a global restructuring leader and recognizes the deep
trust our clients place in us to help navigate their most complex,
mission-critical strategic objectives. We could not be more excited
to celebrate this accomplishment with our colleagues, valued
clients and trusted partners."
In addition to its recognition as Turnaround Consulting Firm of
the Year, B. Riley received awards for its respective roles in the
following bankruptcy and restructuring matters.
Power & Utilities Restructuring of the Year
(Mid-Market)
B. Riley served as financial advisor to Agera Energy, a power and
gas retail energy provider, throughout its Chapter 11
restructuring process in the Southern District of New York, ultimately facilitating the
successful sale of its assets. The engagement was led by
Tom Buck and Wayne Weitz.
Special Situation M&A Deal of the Year
(Mid-Market)
B. Riley served as financial advisor to the Official Committee of
Unsecured Creditors in the Aceto Pharmaceuticals Chapter 11
bankruptcy in the District of New
Jersey and related sale of its chemical business and pharma
assets. The engagement was led by Joe
Pegnia, Mark Shapiro and
Tom Buck, and resulted in a material
recovery for unsecured creditors.
Energy Services Restructuring of the Year
(Mid-Market)
B. Riley served as financial advisor to the
Official Committee of Unsecured Creditors in Shale Support's
Chapter 11 in the Southern District of Texas. The manufacturer of proppant sand for
the fracking industry successfully reorganized in under four
months, ultimately preserving recovery for unsecured creditors. The
engagement was led by Scott Van
Meter, Mark Shapiro and
Wayne Weitz.
B. Riley's experienced team of professionals has played a
critical role in complex bankruptcy, fiduciary and restructuring
assignments all over the U.S. This senior-led team of advisors
applies absolute focus on assignment execution to every matter – no
matter how big or small. To learn more about B. Riley Advisory
Services restructuring and turnaround management capabilities,
visit our website.
About B. Riley Advisory Services
B. Riley Advisory
Services is a leading provider of specialty financial consulting
services and solutions to address complex business problems and
board-level agenda items. B. Riley serves as a trusted advisor to
lenders, law firms, private equity sponsors and companies of all
types on business challenges such as planning and executing a major
acquisition or divestiture, pursuing a fraud investigation or
corporate litigation, or managing through a business crisis or
bankruptcy. The firm offers a unique mix of valuation and appraisal
services including asset-based lending (ABL) valuations,
restructuring and turnaround management, forensic accounting and
litigation support and transaction support services including due
diligence and quality of earnings reviews. B. Riley Advisory
Services is a subsidiary of B. Riley Financial, Inc. (NASDAQ:
RILY).
B. Riley Financial provides collaborative financial services
solutions tailored to fit the capital raising, business,
operational, and financial advisory needs of its clients and
partners. B. Riley operates through several subsidiaries which
offer a diverse range of complementary end-to-end capabilities
spanning investment banking and institutional brokerage, private
wealth and investment management, corporate advisory,
restructuring, due diligence, forensic accounting, litigation
support, appraisal and valuation, and auction and liquidation
services. Certain registered affiliates of B. Riley originate and
underwrite senior secured loans for asset-rich companies. B. Riley
also makes proprietary investments in companies and assets with
attractive return profiles. For the latest news and developments,
follow B. Riley on Twitter @BRileyFinancial and on LinkedIn.
For more information, visit www.brileyfin.com.
B. Riley refers to B. Riley Financial and/or one or more of its
subsidiaries or affiliates. For more information about B. Riley's
affiliated companies, visit www.brileyfin.com/platform.
Contacts
|
|
|
|
General
Inquiries
|
Media
Inquiries
|
Allie
Castillo
|
Jo Anne
McCusker
|
acastillo@brileyfin.com
|
jmccusker@brileyfin.com
|
(470)
346-6812
|
(646)
885-5425
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/b-riley-advisory-services-named-turnaround-consulting-firm-of-the-year-at-12th-annual-turnaround-atlas-awards-301216010.html
SOURCE B. Riley Financial