---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-100986"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:37:42.886238+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# B. Riley closes Great American Group sale to Oaktree for ~$200M cash; expects $235M Q4 gain

## Summary
- Oaktree affiliates paid ~$200M for a 52.6% stake in Great American NewCo; B. Riley retains ~44.2% of common units and ~93.2% of Class B preferred.
- B. Riley used ~$93M of proceeds to pay down its Nomura credit facility, reducing the balance to $125M.
- B. Riley expects to record a ~$235M gain on the transaction in Q4 2024 financial results.
- The Great American Group operates as an independent business providing valuation, appraisal, asset disposition and real estate services.
- B. Riley retains Class B Preferred Units with initial liquidation preference of ~$183M and about 47% of common units.

## SEC filing metadata
- accession: 0001213900-24-100986
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01, 6.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390024100986/0001213900-24-100986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390024100986/ea0221935-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-100986
- JSON: https://secwatch.observer/filing/0001213900-24-100986.json
- Plain text: https://secwatch.observer/filing/0001213900-24-100986.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.