B. Riley & Co., LLC, a full-service independent investment bank and a wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), served as the exclusive financial advisor to Wireless Telecom Group, Inc. in connection with the company´s acquisition of CommAgility, Ltd.
Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands.
CommAgility designs the latest DSP, FPGA and RF technologies into compact, powerful, and reliable products based on industry standard architectures. CommAgility´s LTE software for mobile devices and wireless infrastructure includes physical layer and protocol stack for small cells, physical layer and protocol stack for terminals, an advanced scheduler for small cells, and IP development in the areas of advanced PHY algorithms in multi-core SDR platforms.
B. Riley sourced, structured and negotiated the transaction on behalf of Wireless Telecom. The B. Riley deal team was led by Managing Director Salomon Kamalodine, Director Chobun Hieblinger and Associate Erik Bullock.
Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. It is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product service and support.
B. Riley & Co., LLC is a full service investment bank and wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) that provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients.
B. Riley Financial is a publicly traded, diversified financial services company that takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company also makes proprietary investments in other businesses. The company operates through several wholly owned subsidiaries.
Related Articles