BRC Group Holdings, Inc. (RILY): M&A transaction — BRC Group (f/k/a B. Riley) completes sale of Wealth W-2 business to Stifel for $26M cash

BRC Group Holdings, Inc.

Net cash consideration of $26.0M; 36 advisors with $4.0B in AUM as of March 31, 2025.
Pro forma shows six-month June 30, 2025 net income available to common shareholders of $51.0M vs $52.8M as reported.
Pro forma for FY2024 net loss available to common shareholders of $907.9M vs $899.9M as reported.
Approximately $13.25M of proceeds used to repay Oaktree term loan; effective interest rate adjustments included.

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 Stifel, Nicolaus & Company, Incorporated for $26.0 million in cash (closed 2025-04-04).

Action: disposition
Counterparty: Stifel, Nicolaus & Company, Incorporated
Consideration: $26.0 million in cash
Closing: 2025-04-04

Exact text from the filing

Effective April 4, 2025, the Company completed the sale of its traditional (W-2) Wealth Management business (“Wealth W-2 Transaction”) to Stifel, Nicolaus & Company, Incorporated for net consideration of $26.0 million in cash

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-003901

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