B. Riley Earns Recognition at 15th Annual Turnaround Atlas Awards

B. Riley Earns Recognition at 15th Annual Turnaround Atlas Awards

NEW YORK, July 20, 2023 — B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley"), a diversified financial services platform, earned recognition at the 15th Annual Turnaround Atlas Awards hosted by Global M&A Network at The Metropolitan Club in New York on July 19.

"Once again, B. Riley has shown excellence in advising on complex and value-creating restructuring transactions. The firm has won transactions, restructuring professionals and outstanding firm awards over the past 15 years - demonstrating the deep understanding and quality of the firmwide team," remarked Shanta Kumari, CEO, Co-Founder and Global Group Publisher of Global M&A Network.

B. Riley's corporate restructuring professionals were recognized in multiple categories for the best value-creating transactions, including:

Americas Restructuring of the Year (Middle Market)

B. Riley Advisory Services served as restructuring advisor to Christian Care Communities & Services, a non-profit owner-operator of a multi-campus senior living community, in connection with its restructuring and sale to Boncrest Resource Group. B. Riley's deal team included Mark Shapiro, who acted as Chief Restructuring Officer, Jonathan Wernick, Joe Pegnia, and Tess Wolff.

Special Situation M&A Deal of the Year

B. Riley Advisory Services served as financial advisor to the unsecured creditors committee in the Easterday Ranches Chapter 11, the largest cattle fraud case in U.S. history, in connection with its $209 million asset sale to Farmland Reserve. Seth R. Freeman led the engagement for B. Riley, along with Coral Hansen, and Brent King.

About B. Riley Advisory Services

B. Riley Advisory Services is a leading provider of specialty business advisory services that works with law firms, lenders, private equity sponsors, and companies of all types on business challenges such as planning and executing a major acquisition or divestiture, pursuing a fraud investigation or corporate litigation, or managing through a business crisis or bankruptcy. B. Riley offers a unique mix of appraisal services including asset-based lending (ABL) valuations, restructuring and turnaround management, forensic accounting and litigation support, and transaction support services including due diligence and quality of earnings reviews. For more information, visit www.brileyadvisoryservices.com.

About B. Riley Financial, Inc.

B. Riley Financial (Nasdaq: RILY) is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. We leverage cross-disciplinary expertise and resources of our affiliated subsidiaries to provide end-to-end, collaborative financial services spanning investment banking, brokerage, wealth and investment management, business advisory, valuation, and asset disposition services. On a principal basis, B. Riley opportunistically invests to benefit its shareholders. Certain affiliates originate and underwrite senior secured loans for asset-rich companies. Founded in 1997, B. Riley is headquartered in Los Angeles with more than 2,000 affiliated personnel. Learn more at www.brileyfin.com.

B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates.

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Jo Anne McCusker

B. Riley Financial


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