B. Riley Financial expanded its restructuring division with the addition of three new senior executives, as John Sordillo, Jeffrey Truitt and Tim Hannon joined B. Riley Advisory Services, bringing decades of experience and expertise in complex financial management and restructuring advisory.
Nick Disimile joined B. Riley Advisory Services as director of business development for the Southwest region. Disimile joined from J.P. Morgan’s asset-based lending group, where he served as vice president of originations.
Limetree Bay Refining filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The company received commitments for up to $25 million in new DIP financing and retained B. Riley Advisory Services as restructuring advisor, with Mark Shapiro serving as chief restructuring officer.
Law.com’s Daily Report named B. Riley Advisory Services to its Best of 2021 ranking. B. Riley earned first place in multiple categories, including top forensic accounting firm, top litigation valuation firm and best overall expert witness services.
Metal commodities are soaring to record highs in 2021 as supply chain issues threaten to hinder a solid rebound from economic contraction in 2020. A similar recovery is taking place for asset-based lending to metal service centers.
B. Riley Advisory Services is serving as chief restructuring officer and financial advisor to Fresh Acquisitions, which filed for Chapter 11 bankruptcy protection. In addition, VitaNova Brands will extend a post-petition debtor in-possession loan to the company.
B. Riley, a provider of financial services and business advisory solutions, added a compliance, risk and resilience practice to its financial consulting division, B. Riley Advisory Services. Scott Corzine and Duane Lohn will lead the new practice.
B. Riley Advisory Services, a provider of specialty financial consulting services and solutions and a subsidiary of B. Riley Financial, was named the Middle Market Turnaround Consulting Firm of the Year by Global M&A Network.