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B. Riley Acquires Litigation Consulting And Forensic Accounting Firm, Crawford & Winiarski

Jul 11, 2023•about 2 years ago

Acquiring Company

B. Riley Advisory Services

Acquired Company

Forensic Accounting

LegalFinancial ServicesConsultingAccountingFinancial ServicesConsulting

Description

B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley"), a diversified financial services platform, today announced it has acquired Crawford & Winiarski, a boutique forensic accounting and litigation consulting firm based in Detroit, Michigan.

Company Information

Company

B. Riley Advisory Services

About

B. Riley Advisory Services is a leading provider of specialty business advisory services that works with law firms, lenders, private equity sponsors, and companies of all types on business challenges such as planning and executing a major acquisition or divestiture, pursuing a fraud investigation or corporate litigation, or managing through a business crisis or bankruptcy. The firm offers a unique mix of appraisal services including asset-based lending (ABL) valuations, restructuring and turnaround management, forensic accounting and litigation support, and transaction support services including due diligence and quality of earnings reviews. For more information, visit www.brileyadvisoryservices.com.

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