TorQuest Partners acquires GlassRatner from B. Riley for US$117.8 million

On June 27, 2025, B. Riley Financial, Inc. announced that it sold its advisory services business, GlassRatner Advisory & Capital Group, LLC (doing business as B. Riley Advisory Services) and B. Riley Farber Advisory Inc. (collectively "GlassRatner"), to funds managed by TorQuest Partners ("TorQuest Partners") for US$117.8 million.

Further information can be found on PR Newswire’s website.

GlassRatner is a leading provider of specialty professional and advisory services, including bankruptcy and restructuring, forensic accounting and litigation support, construction engineering consulting, transaction support services, retained executive searches, and compliance, risk, and resilience consulting.

Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$5.0 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund VI, a C$2.3 billion fund that held its final closing in December 2023 and completed its first investment in July 2024.

B. Riley Financial is a diversified financial services company that through its operating entities or affiliates deliver tailored solutions to meet the strategic, operational, and capital needs of its clients and partners.