As you may have read, B. Riley Financial ("B. Riley")
entered into a definitive agreement to sell a majority ownership stake in Great
American Group, LLC ("GA") to funds managed by Oaktree Capital
Management, L.P. This change of ownership closed on November 15, 2024, to
create Great American Holdings LLC, a privately held, independent firm.
We want to be very clear that the client and company
experience that has made us successful will remain uninterrupted and
unchanged. It will be the same great people and the same great service.
As you may be aware, B. Riley acquired GA through a
strategic combination in 2014. Since that time, B. Riley has helped
substantially grow GA's appraisal, field exam, and liquidation
businesses. We are forever grateful for the partnership B. Riley provided
in our growth path and look forward to continued growth with a new partner in
Oaktree.
The following business lines will make up the new
independent company:
Advisory and Valuation Services - provides inventory, machinery & equipment and intellectual property appraisals, field exams, and valuation & transaction advisory services
Retail Solutions - provides disposition services for retail inventories, fixtures, and other fixed assets
Wholesale & Industrial Solutions - provides auctions, private treaty sales, and liquidation services for wholesalers' and manufacturers' inventory and machinery & equipment
Real Estate - sales and dispositions, lease restructuring, capital solutions and advisory services
Going forward, as a private, standalone business, we will continue to have access to growth capital to further support our business lines.
We truly appreciate the strong relationships we have created and look forward to remaining a trusted partner for all your valuation, field examination, and disposition needs.
For inquiries, please contact ga-inquiries@brileyfin.com.