B. Riley Financial was recognized in three individual categories of M&A Advisor’s 16th Annual Turnaround Awards, demonstrating its cross-platform leadership in middle-market investment banking, restructuring and the retail industry.
B. Riley won in the following categories of the 16th Annual Turnaround Awards:
- Restructuring Deal of the Year (between $25 million- $50 million) – restructuring of ABC Carpet & Home, led by Perry Mandarino, B. Riley Securities
- Distressed M&A Deal of the Year (between $25 million – $50 million) – receivership of The Momentum Auto Group, led by Michael J. Issa and Marc Spizzirri, B. Riley Advisory Services
- Consumer Discretionary Deal of the Year ($10 million-$100 million) – sale of Hatteras Yachts to White River Marine Group, a Bass Pro Shops affiliate, led by Michael Fixler and Matthew Cumbee, FocalPoint Partners (a B. Riley Financial company)
“B. Riley represents the best of the distressed investing and reorganization industry in 2021 and earned these honors by standing out in a group of very impressive candidates,” Roger Aguinaldo, founder and CEO of M&A Advisor, said. “Being chosen from hundreds of participating companies to receive these awards, it gives us a great pleasure to recognize B. Riley and bestow our highest honor for distressed investing and restructuring firms and professionals.”
The awards will be presented at a black-tie gala on Wednesday, Sept. 21 in New York City as a feature of the M&A Advisor‘s 2022 Leadership in Dealmaking Summit.