B. Riley Securities, a middle market investment bank, served as exclusive financial advisor to Kimball Electronics, a global manufacturing solutions provider of electronics and diversified contract manufacturing services, in the successful completion of the sale of its automation, test and measurement (AT&M) business to Averna Technologies._x000D_
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“We were delighted to advise Kimball Electronics and lead the divestiture process for its AT&M business,” Ryan Bernath, senior managing director of B. Riley, who led the investment banking team on the assignment, said. “The sale of the business will allow Kimball Electronics to focus on its core operations, while simultaneously providing the AT&M business with a new owner that has tremendous depth, expertise and relationships in the test and measurement sector.”_x000D_
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Rounding out the B. Riley team on this assignment alongside Ryan Bernath were Chobun Hieblinger, Arjun Oza and Joe Nardini Jr.
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