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FocalPoint Securities, LLC Acquired by B. Riley Financial

Transaction marks a major step toward creating a premier middle market-focused investment banking platform.

Los Angeles, Ca — B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a diversified provider of business advisory and financial services, today announced it has agreed to acquire FocalPoint Securities, LLC, a leading independent investment bank based in Los Angeles, for total consideration of up to $175 million.