B. Riley Securities (BRS) has officially carved out from B. Riley Financial (BRF), the firms announced Wednesday, a move that grants BRS independent governance, a distinct shareholder base, and enhanced financial transparency.
The decision follows feedback from clients and partners, with BRS positioning itself as an even stronger player in the middle-market investment banking space. The firm will remain well-capitalized and debt-free while still benefiting from BRF’s 89% pro forma ownership and related capital access.
“This is a transformative day for our team,” BRS Co-Chief Executive Officers Andy Moore and Jimmy Baker said in a statement. “We pursued this structural solve to address client concerns and ensure our platform remains their preferred partner in the middle market.”
BRS has been expanding its workforce, particularly in Research, Investment Banking, and Sales Trading. Over the past eight years, the firm has completed more than 250 capital markets transactions, raising over $115 billion in debt and equity while advising on mergers, acquisitions, and restructuring deals worth more than $33 billion.
The firm plans to unveil further details in the coming weeks and will host the corporate and investor community at its 25th Annual Conference in May in Marina del Rey.
