B. Riley Financial
Feb 23, 2017
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Great American Group and Tiger Capital Group to Close All 68 MC Sports Stores Across the Midwest

LOS ANGELES, Feb. 23, 2017 /PRNewswire/ -- A joint venture between Great American Group (GA) and Tiger Capital Group announced today that it has partnered with MC Sports, a privately-held sporting goods retailer, to facilitate the orderly exit of all 68 of its stores across the Midwest.

Great American Group is a leading provider of advisory and valuation services, asset disposition and auction solutions, and a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY). Tiger Capital Group provides comprehensive valuations, disposition services, capital infusions and operational expertise to companies in times of growth, distress or transition.

"Our deep history of working with retailers such as MC Sports has given us the experience to quickly and efficiently exit these locations," said Scott K. Carpenter, President of GA Retail Solutions.

"This is a rare opportunity for customers to take advantage of significant savings on some of their favorite sporting goods," said Michael McGrail, Chief Operating Officer of Tiger Capital Group.  

The store closing sales started February 14, 2017 and are expected to last several weeks before all of the merchandise is sold in the store locations. Customers can expect to see discounts up to 30% off the lowest available prices on dozens of top brands.

About MC Sports

Founded in 1946, MC Sports launched as Michigan Clothiers, offering everything from men's clothing to military surplus. In 1962, the company began to solidify its reputation as a specialty retailer by focusing entirely on sports equipment, footwear, and apparel.

About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger maintains domestic offices in New York, Los Angeles, Boston, Chicago, and San Francisco, and international offices in Sydney, Perth, and Brisbane, Australia . To learn more about Tiger, please visit www.TigerGroup.com.

About Great American Group, LLC
Great American Group, LLC is a leading provider of advisory and valuation services, asset disposition and auction solutions. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. 

B. Riley Financial, Inc. is a publicly traded, diversified financial services company which takes a collaborative approach to 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 & Co., LLC (www.brileyco.com), Great American Group, LLC (www.greatamerican.com), and B. Riley Capital Management, LLC (which also includes B. Riley Asset Management (www.brileyam.com) and B. Riley Wealth Management, ( www.brileywealth.com)). The Company also makes proprietary investments in other businesses, such as the acquisition of United Online, Inc. (www.untd.com) in July 2016, where B. Riley Financial, Inc. is uniquely positioned to leverage its expertise and assets in order to maximize value.

Contact: Caroline Crawford, 818-746-7526, ccrawford@brileyco.com

 

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SOURCE Great American Group, LLC

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