LOS ANGELES, June 25, 2015 /PRNewswire/ -- B. Riley & Co., LLC (B. Riley), a leading full service independent investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc. (OTCBB: RILY), served as the exclusive financial advisor to Black Diamond Video, Inc. in its sale to STERIS Corporation (NYSE: STE), a leader in infection prevention, contamination control, surgical and critical care technologies.
"B. Riley's wealth of knowledge and professionalism was a key factor in the success of this merger," said Edward Priest, CEO and Co-Founder of Black Diamond Video. "Choosing the right investment bank with extensive experience in technology and medical industries was essential to achieving our goal. B. Riley's team proved to be invaluable as they guided us through the merger process, working diligently to engage with various strategic and private equity groups. B. Riley exceeded our expectations by obtaining a great valuation for our company with the right strategic partner for Black Diamond."
B. Riley also advised Black Diamond Video on a range of capital formation strategies, including shareholder recapitalization and establishing a senior credit facility. The transaction team was led by Salomon Kamalodine, John Ahn and Chris Sigala.
Black Diamond Video, based in Richmond, California, is a leading manufacturer and integrator of high-resolution, digital video processing solutions for mission-critical medical and commercial applications.
About Black Diamond Video
Black Diamond Video is a leading manufacturer and integrator of high-resolution digital video processing solutions for mission-critical medical, federal and commercial applications. The company manufactures a complete product line of 4K matrix switches, processors, scalers, signal conditioners, converters, extenders, system controllers, digital recorders, and H.264 streaming and conferencing technology. For more information, visit www.blackdiamondvideo.com.
About B. Riley & Co
B. Riley & Co., LLC is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley & Co., LLC is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
B. Riley Financial, Inc. (OTCBB: RILY) provides collaborative financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a leading investment bank and FINRA broker dealer which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a leading provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Capital Management, LLC, an SEC registered Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formally MK Capital Advisors), a
multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, a provider of senior secured loans and second lien secured loan facilities to middle market public and private U.S. companies. B. Riley Financial, Inc. is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, Inc., please visit www.brileyfin.com.
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SOURCE B. Riley & Co., LLC