B. Riley & Co. Expands Investment Banking Team with New Managing Director Hires Specializing in Healthcare and Technology, Media

LOS ANGELES, July 18, 2016 /PRNewswire/ -- B. Riley & Co., LLC (B. Riley), a leading full service investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), announced today that John Calcagnini and Keith M. Sipes have joined the Investment Banking team as Managing Directors.

John Calcagnini will focus on Healthcare, Pharmaceuticals, Life Sciences, and Medical Devices, while Keith Sipes will concentrate on the Technology, Media and Telecom (TMT) sectors.

"John and Keith are two experienced and well-respected bankers with deep domain expertise.  They bring to our investment banking group strong client relationships and long and impressive track records of providing thoughtful and value-added advice to their clients. We're excited to have John and Keith join the B. Riley platform, further strengthening our industry depth within the Healthcare and TMT sectors," said Ryan Bernath, Senior Managing Director, Head of Investment Banking.

John Calcagnini brings 25 years of experience in healthcare and life sciences investment banking.  He has advised on over $10 billion in financings and M&A advisory assignments for small and middle market life sciences companies.  Most recently, Mr. Calcagnini built and led the healthcare investment banking practice as a Managing Director at Sterne Agee CRT and previously led the medical device investment banking practice at CIBC World Markets/Oppenheimer & Co, where his group was one of the top equity underwriters in the healthcare sector.  He has a B.S. in Economics from State University of New York, Oneonta.

Keith Sipes brings 17 years of experience originating and executing strategic advisory and corporate financial services for a broad universe of technology, media, and telecom companies. Mr. Sipes was Managing Director at Sterne Agee CRT in his most recent role, and has also worked for Duff & Phelps, Stifel Financial, Merrill Lynch & Co. and Lazard Frères & Co. He has represented more than $75 billion in advisory and $20 billion in corporate finance assignments. Keith graduated from Colgate University with a B.A. in English and holds an MBA from Columbia Business School.

"Expanding our investment banking business is a critical part of our growth plan at B. Riley Financial.  The hiring of John and Keith is consistent with that plan and I'm pleased that John and Keith have chosen to continue their careers on our platform, leveraging for their clients the full suite of services we have developed," remarked Bryant Riley, Chairman and CEO of B. Riley Financial.

"Having had the opportunity to get to know the B. Riley team over the years, I was familiar with and liked their style and their format of creating a broad financial services offering. There are tremendous growth opportunities in the healthcare space and I'm looking forward to helping to expand B. Riley's investment banking capabilities within the sector," explained John Calcagnini.

"It felt like a great fit from our first conversation," said Keith Sipes. "B. Riley's focus on long-term client relationships and independent, thoughtful advisory services across all product areas align perfectly with my efforts within the TMT space."

Both Mr. Calcagnini and Mr. Sipes will work from B. Riley's Los Angeles location.

About B. Riley & Co.
B. Riley & Co., LLC is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley & Co., LLC is a member of FINRA and SIPC.

B. Riley Financial, Inc. (NASDAQ: RILY) provides collaborative financial services and solutions through several subsidiaries, including: Great American Group, LLC, a leading provider of advisory and valuation services, asset disposition and auction solutions; B. Riley Capital Management, LLC, an SEC registered Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, a provider of senior secured loans and second lien secured loan facilities to middle market public and private U.S. companies. B. Riley Financial, Inc. is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, Inc., please visit www.brileyfin.com.

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