LOS ANGELES, August 28, 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 exclusive financial advisor to DynTek, Inc. ("DynTek"), a US-based professional IT services, cybersecurity, and risk management organization, in connection with its strategic investment from Gallant Capital Partners ("Gallant").
To further the development of offerings, Gallant plans to integrate DynTek and rSolutions Corporation under a single leadership structure and investment umbrella.
Jon Gimbel, Partner at Gallant, stated, "With decades of experience, both DynTek and rSolutions have firmly established themselves as market leaders, underlined by enduring client relationships, strategic top-tier partnerships, and an unparalleled team of technical professionals. We are excited to partner with them... to help foster the next phase of accelerated growth for which they are well positioned." Click here to read more about the transaction.
As a national systems integrator and risk management partner, DynTek delivers exceptional, cost-effective professional IT consulting services, end-to-end IT solutions, managed IT services, and IT product sales to state and local government, educational, healthcare and enterprise customers in the largest IT markets nationwide. Read more about DynTek here.
Gallant Capital Partners is a Los Angeles-based private equity firm that invests in technology, business services, and industrial companies. Learn more about Gallant here.
B. Riley's deal team was led by Ryan Bernath and Chobun Hieblinger, and included Erik Bullock.
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.
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