BRC Group Holdings, Inc. (RILY): M&A transaction — B. Riley completes sale of Atlantic Coast Recycling for ~$70M; expects Q1 gain of ~$30M

BRC Group Holdings, Inc.

Cash proceeds of ~$70 million; initial investment was ~$39 million.
Expected Q1 2025 gain of ~$30 million from the sale.
Approximately $22.6 million used to repay Oaktree credit facility; balance reduced to ~$139 million.
Transaction closed on March 3, 2025.

item 1.01 item 2.01 item 7.01 item 9.01 item 6.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BRC Group Holdings, Inc. completed a disposition involving Atlantic Coast Recycling Holdings, Inc. for approximately $102.5 million (closed 2025-03-03).

Action: disposition
Counterparty: Atlantic Coast Recycling Holdings, Inc.
Consideration: approximately $102.5 million
Closing: 2025-03-03

Exact text from the filing

by the MIPA (the “ ReVal Transaction ”) occurred on March 3, 2025. At the Closing, the Member sold the Interests to the Purchaser for a purchase price of approximately $102.5 million, subject to certain adjustments and a holdback amount pending receipt of a certain third party consent, resulting in cash proceeds of $68.6 million to the Company after

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BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-021827

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