AP NEWS

Great American Group Adds Neil Axler as Managing Director, Real Estate

November 20, 2018

LOS ANGELES, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Great American Group Advisory & Valuation Services, LLC (“Great American”), a leading provider of advisory and valuation services, and a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), announced today that Neil Axler has joined as Managing Director of the firm’s Real Estate practice within its Corporate Advisory and Valuations Services division. He is based in the firm’s New York office.

Mr. Axler brings more than two decades of valuation consulting experience in individual assets and portfolios of income-producing commercial and industrial properties. In his new role, Mr. Axler will be responsible for enhancing GA’s Real Estate solutions platform and expanding the firm’s market reach.

“Great American prides itself on its comprehensive platform and delivering value to its clients,” said Michael Marchlik, CEO of Great American. “We’ve worked with Neil for many years and have relied on his extensive expertise. We’re thrilled to have him join our team and enhance the level of service we provide to our clients.”

Prior to joining the firm, Mr. Axler served as a Director in the Valuation Advisory division at Stout and served as a Director and Northeast Practice leader for RSM’s real estate valuation consulting group. Additionally, he has served in leadership positions at FMV Opinions, Deloitte, and Arthur Andersen. Throughout his career, Mr. Axler has inspected and managed a number of assignments in most metropolitan areas in the U.S. and U.S. Territories, and he has appraised numerous commercial property types around the world. His experience includes transaction advisory, acquisition and financing due diligence, land use and marketability studies, appraisal review and concurrence, and project feasibility.

Mr. Axler commented: “I have worked with the Great American team regularly over the years. The firm’s comprehensive set of services and industry expertise, combined with their direct access to resources across the B. Riley Financial platform, presents potential synergies across the firm and enables us to provide our clients well-rounded solutions. I’m excited to join the team and contribute to the firm’s future successes.”

To learn more about Great American, visit www.greatamerican.com.

About Great American Group Advisory & Valuation Services, LLCGreat American Group Advisory & Valuation Services, a leading provider of advisory and valuation services which efficiently leverages its sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets.

About B. Riley Financial, Inc. (NASDAQ:RILY) B. Riley Financial, through its subsidiaries, provides collaborative financial services and solutions tailored to fit the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company operates through several wholly-owned subsidiaries, including B. Riley FBR, a full-service investment bank and institutional brokerage; Great American Group, a leading provider of asset disposition, appraisal, corporate advisory and valuation services; GlassRatner, a specialty financial advisory services and consulting firm; B. Riley Wealth Management, B. Riley Asset Management and B. Riley Alternatives, which offer investment management to institutional and high net worth investors; Great American Capital Partners, which originates and underwrites senior secured loans for asset-rich companies; and B. Riley Principal Investments, which invests in or acquires companies and assets with attractive return profiles.

Media Contact: Jo Anne McCusker Media Relations jmccusker@brileyfin.com (646) 885-5425

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