B. Riley Serves as Debt Placement Agent to Transom Capital Group in its Acquisition of Bose Professional

LOS ANGELES, August 11, 2023 - B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as advisor and placement agent to Transom Capital Group ("Transom") in connection with its acquisition of the Professional Division of Bose Corporation ("Bose Professional"). B. Riley arranged financing by Blue Torch Capital ("Blue Torch") in support of the acquisition.

Transom is an operations-focused private equity firm in the middle market with a deep track record of successfully executing corporate divestitures. The firm's functional pattern recognition, access to capital, and value creation process combine with its portfolio company's industry expertise to create improved operational efficiency, significant top-line growth, cultural transformation, and overall distinctive outcomes. Learn more here.

Bose Professional develops and distributes a wide range of commercial audio systems and conferencing solutions. Based in Framingham, Massachusetts, its superior sound design and history of innovation make Bose Professional the preferred provider of professional audio solutions in workplaces, houses of worship, restaurants, stadiums, performing arts centers, retail stores, and more around the globe. As an independent company, Bose Professional, alongside Transom, intends to continue to develop standout products and technologies in the evolving performance audio market. Learn more here.

"Bose Professional's tenure in the professional audio business, its standout product portfolio and customers, as well as its team dedicated to researching, engineering and delivering new and innovative products, made it a compelling business for us to bring into our portfolio," said Russ Roenick, Founder and Managing Partner at Transom. "We are working closely with Bose to ensure business continuity for Bose Professional going forward, and we look forward to continued success for the business as an independent company."

"We are extremely pleased to have helped Transom facilitate the acquisition of Bose Professional, particularly in this challenging credit environment," said Raj Sood, Senior Managing Director and Head of Private Capital Advisory at B. Riley. "This transaction highlights our ability to creatively structure each process in order to provide the most advantageous solutions for our clients," added Gayane Kirakosyan, Managing Director at B. Riley.

Clay Bryan, Senior Managing Director in B. Riley's Financial Sponsors Group noted, "Transom is an outstanding operations-focused investor with extensive experience acquiring corporate divisions and that experience was on display in their ability to execute on this carveout acquisition in a challenging market environment. We are very excited to have played a role in affecting the transaction."

B. Riley's deal team was led by Raj Sood and Gayane Kirakosyan and included Michael Stotz.

Please contact Raj Sood, Senior Managing Director and Head of Private Capital Advisory at 310-405-7050 or Gayane Kirakosyan, Managing Director at 310-405-7002 with any questions regarding this transaction.

About B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. B. Riley Securities is a subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.