LOS ANGELES--(BUSINESS WIRE)--B. Riley & Co., LLC (B. Riley) www.brileyco.com, a full service broker dealer providing research, investment banking, sales and trading, announced that it has served as the exclusive financial advisor to Autobytel Inc. (NASDAQ: ABTL) in its acquisitions of Tampa, Florida-based Cyber Ventures, Inc. and Autotropolis, Inc.
B. Riley Managing Director Michael Lowell, Senior Vice President Adam Little and Vice President Dennis Alshuler led the banking team in this engagement with Irvine-based Autobytel, a leading provider of online consumer purchase requests and marketing resources to the automotive industry.
In addition to acting as financial advisor, B. Riley also provided a fairness opinion.
According to Mr. Lowell, “We have had a long term relationship with Autobytel, working on a variety of successfully-completed engagements over the years. We were pleased to once again help our client grow.”
“B. Riley worked well with our team in developing and executing our strategic initiative,” said Jeffrey H. Coats, President and CEO of Autobytel. “They were both professional and efficient in helping close this transaction.”
B. Riley has successfully completed over 350 engagements with more than $16 billion in aggregate transaction value in a variety of industry sectors, including Consumer, Retail, Restaurants, Technology, Electronics, Financial Services, Industrials, Business Services, and Special Situations.
ABOUT B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and OTCQX DAD services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. The firm is recognized for its distinguished Equity Research. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. Founded in 1997, the firm is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Philadelphia, and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
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