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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