GlassRatner Advisory Capital Group Acquisition | Financial Services Deal in CA

BRC Group Holdings, Inc. has signed an equity purchase agreement to sell GlassRatner Advisory Capital Group, a wealth management RIA business in California, for $2.4 billion. GlassRatner Advisory Capital Group provides wealth management services through an RIA platform, supporting client portfolios and advisory operations in CA acquisitions. BRC Group Holdings, Inc. also agreed to transfer B. Riley Farber Advisory Inc., expanding the divestiture acquisition scope within financial services M&A. The financial services deals CA divestiture acquisition is structured as a sale of membership interests and is expected to close after regulatory and customary conditions, with all assets and liabilities classified as held for sale and operations treated as discontinued operations.