B. Riley Subsidiary, Lingo Management, Announces Closing of BullsEye Telecom Acquisition
LOS ANGELES, Aug. 23, 2022 /PRNewswire/ --B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today announced that Lingo Management, LLC ("Lingo"), a B. Riley Principal Investments portfolio company, has completed the acquisition of BullsEye Telecom Inc. ("BullsEye").
- LOS ANGELES, Aug. 23, 2022 /PRNewswire/ --B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today announced that Lingo Management, LLC ("Lingo"), a B. Riley Principal Investments portfolio company, has completed the acquisition of BullsEye Telecom Inc. ("BullsEye").
- BullsEye follows B. Riley's recent acquisition of Lingo in which the Company increased its ownership interest to 80% on May 31, 2022.
- Lingo Management acquires BullsEye Telecom, provides additional revenue diversification and cashflows to B. Riley
Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, said, "The addition of BullsEye continues our principal investments approach and offers further revenue diversification and cashflows for B. Riley. - B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates.