# BRC Group Holdings, Inc.

> BRC Group Holdings, formerly B. Riley Financial, is a Los Angeles-based public holding company combining investment banking and wealth management with communications and consumer-product businesses. Its subsidiaries serve companies raising capital, institutions trading securities, households managing wealth, telecom subscribers and buyers of technology accessories.

- **Founded:** 1997
- **Headquarters:** Los Angeles, United States
- **Founders:** Bryant Riley (Co-Founder, Chairman and Co-Chief Executive Officer), Tom Kelleher (Co-Founder and Co-Chief Executive Officer)
- **Products:** B. Riley Securities, B. Riley Wealth, Lingo, magicJack, United Online
- **Notable:** Built a brokerage and research business founded in 1997 into a Nasdaq-listed diversified holding company., Acquired Targus in October 2022 in a transaction valued at approximately $250 million on an enterprise-value basis., Reported Q2 2026 net income available to common shareholders of $18.5 million.

## Products & services

- **B. Riley Securities** — Investment banking, public and private capital raising, M&A advisory, restructuring, equity research, sales and trading.
- **B. Riley Wealth** — Brokerage, investment management, financial planning, insurance and tax preparation for individuals, families and organizations.
- **Lingo** — Business voice, cloud communications, broadband, security and managed services.
- **magicJack** — Internet-based calling products and subscription services for consumers and businesses.
- **United Online** — Internet access and related consumer services, including NetZero and Juno.
- **Targus** — Laptop and tablet cases, backpacks, docking stations and technology accessories; acquired in October 2022.
- **Principal investments** — Investments in equity, debt and venture capital using the holding company’s capital.

## Achievements

- Built a brokerage and research business founded in 1997 into a Nasdaq-listed diversified holding company.
- Acquired Targus in October 2022 in a transaction valued at approximately $250 million on an enterprise-value basis.
- Reported Q2 2026 net income available to common shareholders of $18.5 million.
- Reported a $150.7 million reduction in total debt during the first half of 2026.

## Latest updates

- **2026-10** — On October 22, announced Q3 2026 results would be released November 5, 2026; those results were not yet available on the research date.
- **2026-10** — B. Riley Securities announced a December 2, 2026 Convergence Conference in New York.
- **2026-09** — Agreed to acquire Sangoma at approximately $204 million enterprise value; expected closing no later than early 2027, subject to shareholder, court and regulatory approvals.
- **2026-08** — Called $142,137,375 of 6.50% senior notes for redemption on September 29, 2026. The announcement establishes the call, not independent confirmation of settlement.
- **2026-08** — Reported second-quarter 2026 financial results on August 6.

## Links

- Website: https://brcgh.com
- LinkedIn: https://www.linkedin.com/company/brcgroupholdingsinc
- Twitter/X: https://twitter.com/brileyfin
- Facebook: https://facebook.com/brileyfinancial

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Last updated: 2026-10-24