GlassRatner Wins Several Industry Accolades; Recognized by ALM’s Daily Report “Best of 2019” and Turnaround Atlas Awards
- Voted #1 in Four Categories in Daily Report’s “Best of 2019,” Earns Hall of Fame Distinction
- Awarded Winner for “Cross Border Special Situation M&A Deal” in Turnaround Atlas Awards
LOS ANGELES, May 08, 2019 (GLOBE NEWSWIRE) -- GlassRatner Advisory & Capital Group, LLC (“GlassRatner”), a specialty financial advisory services firm and wholly-owned subsidiary of B. Riley Financial, Inc. (“B. Riley”)(NASDAQ: RILY), is pleased to announce its recognition as the #1 provider in several categories in the Daily Report’s “Best of 2019” rankings and a winner of Global M&A Network’s 11th Annual Turnaround Atlas Awards.
“I am very proud of the GlassRatner team,” said Ian Ratner, Co-founder and Principal of GlassRatner. “These accolades reflect the quality of service we provide to our clients on a daily basis. As we look to continue expanding our core service offerings, we remain committed to providing best-in-class solutions for our clients.”
GlassRatner was voted #1 in four categories in the Daily Report’s “Best of 2019” rankings, including #1 Overall Expert Witness; #1 in Forensic Accounting; #1 in Litigation Valuation; and #1 Individual Expert Witness (Economic) in recognition of Ian Ratner and his contributions to the industry. This marks the firm’s fourth consecutive year ranking in Daily Report’s “Best of” supplement, an accomplishment earning the firm its Hall of Fame recognition. Powered by ALM’s Law.com, the Daily Report is a leading source of news about the courts, and the business and profession of law. Its annual “Best of” supplement recognizes the leading businesses that provide excellence in today’s legal market.
The firm was also recognized at the 11th Annual Turnaround Atlas Award for Cross Border Special Situation M&A Deal of the Year (Small-Mid Markets). The winning transaction involved the Chapter 11 reorganization of Premier Exhibitions, a provider of museum-quality exhibitors, and related subsidiaries which is dedicated to preserving the legacy of the R.M.S Titanic which tragically sank on April 15, 1912. As part of the transaction, GlassRatner Senior Managing Director, Marshall Glade, was engaged as Financial Advisor to Premier Exhibitions and facilitated the sale of the company’s assets which included 5,500 artifacts recovered from the R.M.S Titanic wreck site, touring and permanent TITANIC exhibitions, and the BODIES exhibitions. The assets were marketed around the globe with features on the Today Show and a number of worldwide publications. The winning bidders of the 363 auctions were a combination of investors, including Apollo Global Management, Alta Fundamental Advisers and PacBridge, who bid $19.5 million for the assets. Hosted by Global M&A Network, the Turnaround Atlas Awards honors the best value-creating transactions, outstanding firms, professionals, and legendary leaders from the international restructuring, investing, distressed M&A, and turnaround communities for successfully closing transaction.
These industry recognitions mark yet another achievement for GlassRatner. Earlier this year, the firm was awarded Consumer Staples Deal of the Year (Under $500 Million) in The M&A Advisor’s 13th Annual Turnaround Awards.
Headquartered in Atlanta, with offices through the US, GlassRatner is a nationally recognized specialty financial advisory services firm providing solutions to complex business problems and Board level agenda items. The firm’s core service offerings consist of Bankruptcy & Restructuring and Forensic Accounting & Litigation Support services across a broad range of industry sectors. GlassRatner merged with the B. Riley platform in August 2018, an addition that strengthened B. Riley’s diverse suite of services with new and complementary capabilities, as well as provided additional market presence with 100 professionals across 14 offices nationwide.
Members of GlassRatner will be present at Global M&A Network’s 11th Annual Restructuring Forum on May 20, 2019 and will receive the award at the exclusive gala ceremony later that evening.
About GlassRatner Advisory & Capital Group, LLC
GlassRatner, a B. Riley Financial company, is a national specialty financial advisory services firm providing solutions to complex business problems and Board level agenda items. The firm applies a unique mix of skill sets and experience to address matters of the utmost importance to an enterprise such as managing through a business crisis or bankruptcy, pursuing a fraud investigation or corporate litigation, planning and executing a major acquisition or divestiture, unraveling a challenging real estate issue and other top level non-typical business challenges. GlassRatner can also offer clients end-to-end services at any stage during the business life cycle through services offered by its affiliated B. Riley Financial companies. The combination of proven operating and financial expertise, cross-platform resources, a hands-on approach and an absolute focus on assignment execution makes GlassRatner a unique and valuable ally for its clients and partners.
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley Financial, through its subsidiaries, provides collaborative financial services and solutions tailored to fit the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company operates through several wholly-owned subsidiaries, including B. Riley FBR, a full-service investment bank and institutional brokerage; Great American Group, a leading provider of asset disposition, appraisal, corporate advisory and valuation services; GlassRatner, a specialty financial advisory services and consulting firm; B. Riley Wealth Management, B. Riley Asset Management and B. Riley Alternatives, which offer investment management to institutional and high net worth investors; Great American Capital Partners, which originates and underwrites senior secured loans for asset-rich companies; and B. Riley Principal Investments, which invests in or acquires companies and assets with attractive return profiles.
Jo Anne McCusker
B. Riley Financial