To The Moon

B. Riley acquires Farber Group's corporate division

B. Riley Financial $B. Riley(RILY)$  announced the acquisition of Farber Group's corporate division.

Financial terms of the transaction were not disclosed.

Farber is a Toronto-based restructuring and business advisory firm that provides corporate restructuring and related advisory services, M&A corporate finance, wealth management, interim management and executive search and human capital advisory, among other services.

Its corporate division will become part of B. Riley Advisory Services as part of the deal. The acquisition also bring 45 staff, including 16 experienced restructuring professionals, to B. Riley's restructuring and turnaround management practice.

The deal creates a leading North American financial restructuring and business advisory firm with new and expanded financial consulting capabilities, while raising cross-border opportunities.

It builds on prior successful investments to expand B. Riley's financial consulting segment, including its 2021 acquisition of automotive restructuring firm Alderney Advisors and 2018 acquisition of GlassRatner.