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Stock impact report

The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: PR Newswire
The Great American Group to Leverage 30-Year Track Record to Provide Industry-Leading Valuation, Appraisal, Asset Disposition and Real Estate Services B. Riley to Recognize Gain of Approximately $235 Million on Transaction in Fourth Quarter 2024 ResultsLOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the launch of a partnership between B. Riley and Oaktree in the Great American ("GA") Group, an industry-leading provider of valuation, appraisal, asset disposition and real estate services.The launch of the GA Group as an independent business follows the completion of the transactions between B. Riley and Oaktree previously announced on October 14, 2024. Prior to the closing, B. Riley undertook a pre-closing internal reorganization resulting in the contribution of all of the interests in B. Riley's Ap Show less Read more
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