B. Riley was named a winner in the Chapter 11 Reorganization of Year (under $100 million) category in connection with the Chapter 11 restructuring of King Mountain Tobacco Company at the 18th Annual Turnaround Awards hosted by The M&A Advisor during the 2024 Distressed Investing Summit, which was held March 18-19 in Palm Beach, FL.
B. Riley Advisory Services represented government creditors in the King Mountain Tobacco Company case, led by Seth R. Freeman, CIRA, CTP, a managing director at B. Riley. Bush Kornfeld served as legal advisor to the debtor, led by James L. Day, Esq and Richard B. Keeton, Esq.
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. B. Riley was chosen from hundreds of participating companies to receive the award. It gives us great pleasure to recognize B. Riley and bestow upon them our highest honor for distressed investing and restructuring firms and professionals,” Roger Aguinaldo, founder and CEO of The M&A Advisor, said. “B. Riley represents the best of the distressed investing and reorganization industry in 2024 and earned these honors by standing out in a group of very impressive candidates.”
B. Riley also served as exclusive real estate advisor to Auto Plus Auto Parts, which won in the Restructuring of the Year ($250 million to $500 million) category. The B. Riley Real Estate team was led by Christopher Draper.
Additionally, B. Riley Securities’ Perry Mandarino participated as a featured speaker for the “Cryptocurrency – Crisis and Opportunity” panel during the Distressed Investing Summit.
