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B. Riley Acquires Targus®, Leader In Technology Solutions And Protective Cases

Oct 19, 2022almost 3 years ago

Acquiring Company

B. Riley

Acquired Company

Targus

TorontoBusiness Information SystemsFinanceFinancial Services

Description

B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") and Targus Cayman HoldCo Limited ("Targus") today announced that B. Riley Principal Investments, LLC has acquired Targus, a multinational company that designs, manufactures, and sells consumer and enterprise productivity products. The Targus® product line includes laptop and tablet cases, backpacks, universal docking stations, and computer accessories.

Company Information

Company

B. Riley

Location

Toronto, Ontario, Canada

About

B. Riley Farber is an international business advisory firm that provides practical solutions to complex financial and operating problems. We have a reputation for responsiveness and a track record of helping our clients achieve their objectives and overcome challenges. We successfully partner and work with the leadership of North American companies, their advisors, lenders, and other professionals. Our diverse team of business-savvy professionals operates seamlessly to provide services across the areas of restructuring, corporate finance, wealth management, interim management & executive search, organizational & talent development, and human capital advisory. B. Riley Farber is positioned to advise businesses across North America. Our global alliance also extends our reach and provides opportunities throughout The Americas, Europe, Asia, Africa, and beyond, reflecting the increasingly global nature of business. Established in 1979, B. Riley Farber continues to grow by fostering an unparalleled collaborative approach and by actively aligning interests with our clients.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed