B. Riley Financial to Acquire National Holdings

Stifel Financial to Acquire Portion of B. Riley Wealth Management Business

November 1, 2024

Wealth Management

B. Riley Financial has signed a definitive agreement to sell a portion of its traditional (W-2) wealth management business to Stifel Financial for an estimated $27 million to $35 million in cash. Approximately 40 to 50 independent advisors (and related customer accounts with $3.5 billion to $4.5 billion in AUM) are expected to transition to Stifel in early 2025, subject to regulatory approvals and closing conditions.

B. Riley Financial Acquires Farber Corporate Division (Now B. Riley Farber)

February 22, 2023

Financial Services

B. Riley Financial, Inc. has acquired the corporate division of Farber and rebranded it as B. Riley Farber. The acquisition expands B. Riley’s advisory capabilities and provides Farber with greater access to B. Riley’s cross-platform services and North American market reach, particularly across Canada.

B. Riley Financial Acquires Interface Consulting International

July 8, 2024

Engineering Services

B. Riley Financial has acquired the assets of Interface Consulting International, a Houston-based engineering and construction consulting firm that provides claims management, dispute resolution, forensic analysis, and expert testimony. The Interface Consulting team will join B. Riley Advisory Services to expand the firm's forensic accounting, litigation support, and construction advisory capabilities.

Allstate Acquires National General Holdings

July 7, 2020

Insurance

The Allstate Corporation agreed to acquire National General Holdings Corporation for approximately $4.0 billion in cash (total $34.50 per share including expected closing dividends), a transaction expected to close in early 2021 subject to regulatory approvals. The deal expands Allstate's personal lines premiums by about $4.0 billion, increases market share among independent agent distribution, and is expected to be accretive to adjusted net income per share and ROE in the first year.

Prosperity Bancshares To Acquire American Bank Holding Corporation (American Bank)

January 1, 2026

Financial Services

Prosperity Bancshares, Inc. agreed to acquire American Bank Holding Corporation and American Bank, N.A. in an all-stock transaction valued at approximately $321.5 million. The merger was initially expected to close in late 2025 or early 2026, and it was ultimately completed effective January 1, 2026.

Align Financial Holdings Acquires National Lloyds Corporation; Carriers Sold to ReAlign Insurance Holdings

July 1, 2020

Insurance

Hilltop Holdings completed the sale of its wholly owned subsidiary National Lloyds Corporation to Align Financial Holdings, LLC on June 30, 2020, after receiving regulatory approvals. Align concurrently sold National Lloyds' insurance carriers (National Lloyds Insurance Company and American Summit Insurance Company) to ReAlign Insurance Holdings, LLC; the transaction positions Align to scale its specialty insurance platform while Hilltop monetized the subsidiary.