B. Riley Financial to acquire FocalPoint Securities for $175m.

B. Riley Financial, a publicly-traded, diversified financial services company, agreed to acquire FocalPoint Securities, a provider of institutional brokerage services, for $175m. "FocalPoint is a world class firm known for its ability to handle complex deals with speed, accuracy, and quality. This combination builds on our long and successful track record of acquiring and integrating other complementary businesses that can provide us with additional scale and capabilities to expand our small and middle market leadership. With both companies having started off around the same time, in the same area of Southern California, and building meaningful niches within our industries, this deal carries special significance for me," Bryant Riley, B. Riley Financial Chairman and Co-CEO.