B. Riley Financial, a financial services company headquartered in Los Angeles, has bought Crawford & Winiarski, a forensic accounting and litigation consulting firm based in Detroit.
Crawford & Winiarski was founded in 2002 and specializes in helping with business disputes, fraud investigations, damages analyses, corporate insolvency matters, and representations and warranties insurance claims analyses. The firm's client base focuses on the automotive and automotive components industries.
The team joining B. Riley includes founding members Rod Crawford and Bob Winiarski, who specialize in helping with fraud investigations, business disputes and corporate insolvencies. They serve a broad range of industries with a focus on automotive and automotive components businesses. They and the eight other members of their team will be joining B. Riley's advisory services unit, creating a dedicated litigation and financial consulting practice in Detroit.
"For over 20 years, we have demonstrated our commitment to provide exceptional service by helping resolve complex business problems efficiently and effectively," said Crawford in a statement Tuesday. "Joining B. Riley offers our team and clients access to a broader suite of financial services to expand on the world-class service that our clients have come to expect."
"B. Riley has had a strong track record serving as a trusted resource to corporate leaders and law firms on a range of critical business matters," Winiarski added. "We look forward to contributing to the firm's continued success."
"This development arose from an opportunity to join a group of outstanding professionals at B. Riley who practice in areas both comparable to and complementary to the C&W service offerings," they wrote in a
Financial terms of the deal were not disclosed. B. Riley Financial earned $1.08 billion in revenue in fiscal year 2022 and has over 2,000 affiliated professionals nationwide. It provides investment banking, financial consulting, bankruptcy and restructuring advisory, wealth management and asset disposition and appraisal services.
The firm is based in Los Angeles but also has a presence in New York, Chicago, Atlanta and other markets. It's the latest in a series of strategic acquisitions to expand B. Riley's financial consulting business and geographic reach. Other recent acquisitions include
"This addition reflects our continued investment to strategically grow our financial consulting business with highly qualified and talented professionals who can deliver best-in-class service to our clients," said B. Riley co-CEO Ian Ratner in a statement. "We are pleased to welcome the Crawford & Winiarski team to B. Riley and look forward to building on our established leadership in forensic accounting and litigation consulting in the Midwest."
