BRC Group Holdings, Inc. reports developments for a diversified holding company with financial services, communications, retail, and investment activities. Its financial services platform serves small-cap and middle-market companies through capital markets, sales and trading, research, merchant banking, M&A, restructuring, and wealth management services.
Recurring company news includes earnings releases and calls, segment performance across capital markets and operating businesses, capital-structure actions involving debt and preferred securities, governance and shareholder-voting matters, and platform updates such as BRC Specialty Finance. Communications operations include traditional, mobile and cloud phone, internet, data, security, and email services, while retail activities include mobile computing accessories and home furnishings.
BRC Group Holdings (RILY) agreed to acquire Sangoma Technologies (SANG) through an affiliate in a transaction valued at approximately US$204 million.
Sangoma shareholders would receive US$4.925 in cash and 0.04767 BRC share per Sangoma share. Based on BRC’s 20-day volume-weighted average share price, the consideration implies US$5.225 per Sangoma share. That is a premium of approximately 47% to Sangoma’s September 28 closing price and approximately 51% to its 10-day volume-weighted average price on the TSX. Sangoma shareholders would collectively own approximately 4% of BRC after closing.
Both boards approved the deal, and Sangoma officers and directors holding approximately 27% of its shares agreed to support it. Closing requires two Sangoma shareholder votes, as well as court and regulatory approvals. There is no financing condition. The companies expect to close no later than early 2027, assuming timely approvals.
BRC Group Holdings (RILY) agreed to acquire Sangoma Technologies (SANG) in a transaction valuing Sangoma at approximately $204 million. A BRC subsidiary would acquire all outstanding Sangoma common shares. Holders would receive $4.925 in cash and 0.04767 of a BRC share for each Sangoma share, or approximately $170 million in cash and $10 million in BRC shares in aggregate. Current Sangoma holders would own approximately 4% of BRC’s shares after closing.
BRC’s communications businesses and Sangoma generated approximately $441 million in combined revenue over the trailing twelve months as of June 2026. BRC expects to fund part of the purchase through an amended and restated $215 million senior secured term loan facility and an equity contribution. The facility would also retire existing debt at BRC’s communications businesses. Both boards approved the agreement; shareholder, court and regulatory approvals remain pending. Closing is expected no later than early 2027.
BRC Group Holdings (Nasdaq: RILY) will fully redeem $142,137,375 aggregate principal amount of its 6.50% Senior Notes due 2026 (trading as RILYN) on September 29, 2026. The redemption price equals 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date. Interest will cease accruing and the notes will be delisted and stop trading on that date.
BRC Group Holdings (Nasdaq: RILY) reported second quarter 2026 net income available to common shareholders of $18.5 million ($0.45 per diluted share) versus $137.5 million a year earlier, mainly reflecting large prior-year discontinued operations and a senior note exchange gain. Q2 revenues rose to $239.1 million from $225.3 million, while Q2 Adjusted EBITDA was $61.3 million and Operating Adjusted EBITDA $66.0 million. For the first six months of 2026, revenues increased 44% to $591.2 million, net income reached $229.8 million ($6.47 per diluted share), and Adjusted EBITDA grew to $323.4 million from $14.7 million. Net Debt fell by $341.7 million to $285.2 million and Total Investments rose to $804.5 million, according to BRC Group Holdings.
BRC Group Holdings (NASDAQ: RILY) will release its second quarter 2026 financial results on Thursday, August 6, 2026, shortly after market close, and host an earnings conference call at 4:30 p.m. Eastern (1:30 p.m. Pacific) the same day.
Investors can access the webcast and a replay until August 20, 2026 via the company’s investor relations site under “Events and Presentations.”
BRC Group Holdings (Nasdaq:RILY) updated investors on its indirect economic interest in SpaceX following SpaceX’s June 12, 2026 IPO. Between 2018-2021, clients invested about $233 million into SPVs where BRC subsidiaries hold carried interest.
At a $160.95 SpaceX share price, BRC estimates gross carried interest of $84.2 million and net carried interest of $70.4 million, both preliminary and unaudited. Net value changes about $2.3 million for each $5 move in SpaceX stock and remains subject to IPO lock-ups, market volatility, costs, and other factors.
B. Riley Securities (NASDAQ:RILY) will host its Mind, Muscle & Vision Healthcare Summit on July 16, 2026, in Boston.
The single-day, invitation-only event links institutional investors with healthcare companies in psychiatry, neurology, neuromuscular, cardiology and ophthalmology across three tracks: Mind, Muscle and Vision.
BRC Specialty Finance, the direct lending platform of BRC Group Holdings (NASDAQ: BILY) and B. Riley Securities, announced that B. Riley Securities has assumed a $20 million advance under a $100 million senior secured delayed draw term loan originated by Bit Digital (NASDAQ: BTBT) to Enovum NC-1 Venture, an indirect subsidiary of WhiteFiber (NASDAQ: WYFI).
The 90-day assigned advance is expected to bridge the borrower to anticipated permanent institutional financing and may fund the first phase buildout of an AI-driven HPC data center in Madison, North Carolina and other growth initiatives. BRC Group also completed a separate $10 million receivables-backed purchase agreement with a publicly traded technology company.
B. Riley Securities (NASDAQ:RILY) announced the return of industry veterans Patrice McNicoll and Matt Feinberg to its executive leadership team. McNicoll becomes Co-President and Head of Capital Markets; Feinberg becomes Co-Head of Investment Banking, partnering with Co-President and Head of Investment Banking Joe Nardini.
The firm aims to accelerate growth in capital markets and advisory origination by leveraging their decades of dealmaking experience across equity, debt, private placements, and strategic advisory mandates in infrastructure, healthcare, real estate, power, and technology.
BRC Group Holdings (Nasdaq: RILY) reported strong first quarter 2026 results with net income available to common shareholders of $211.3 million and Adjusted EBITDA of $262.2 million. Operating Adjusted EBITDA was $34.6 million. Total revenues were $352.1 million, driven primarily by trading gains.
Total debt fell $128.9 million to $1.30 billion and Net Debt declined to $372.4 million. Management announced a plan to repurchase minority B. Riley Securities shares and merge B. Riley Securities with B. Riley Wealth.