B. Riley Financial signed a definitive agreement making GlassRatner a wholly-owned subsidiary of B. Riley Financial effective July 31, 2018.

Under terms of the agreement, GlassRatner will continue to be managed by Ian Ratner, one of the firm’s founders, and operate under the same brand name. The addition of GlassRatner serves as a new, dedicated business consulting services vertical under B. Riley Financial.

GlassRatner is a specialty financial advisory services firm which advises companies, shareholders, creditors and investors on complex business problems and critical board level agenda items including transaction advisory and due diligence, fraud investigations, corporate litigation, business valuations, crisis management and bankruptcy.

GlassRatner is nationally recognized for its expertise in bankruptcy and restructuring services, forensic accounting and litigation support, valuation services and real estate consulting.

“As we look to grow B. Riley Financial, we are strategically looking for businesses that allow us to enhance the services we provide to our clients,” said Bryant Riley, chairman and co-CEO of B. Riley.

“GlassRatner has always been dedicated to providing a comprehensive suite of advisory solutions to help our clients navigate through a variety of business problems. This merger further strengthens our ability to provide a level of service our clients have come to expect,” said Ron Glass, principal at GlassRatner.

B. Riley FBR served as financial adviser and lead arranger on the deal. Cole Schotz served as legal counsel to B. Riley Financial. Arnall Golden Gregory served as legal counsel to GlassRatner.