TorQuest Partners Acquires GlassRatner from B. Riley Financial for $117.8M

June 27, 2025

Funds managed by TorQuest Partners purchased GlassRatner (B. Riley’s advisory services business) from B. Riley Financial for $117.8 million. B. Riley expects to record a gain of approximately $66 million on the sale; TorQuest plans to invest in GlassRatner as a platform to support growth and expand its advisory capabilities.

Buyers
TorQuest Partners (funds managed by TorQuest)
Targets
GlassRatner Advisory & Capital Group, LLC (dba B. Riley Advisory Services)
Sellers
B. Riley Financial, Inc.
Industry
Consulting
Location
Georgia, United States
Transaction Type
Divestiture

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