M&A Deal Summary

B. Riley Financial Acquires magicJack

On November 9, 2017, B. Riley Financial acquired communications company magicJack for 143M USD

Acquisition Highlights
  • This is B. Riley Financial’s 1st transaction in the Communications sector.
  • This is B. Riley Financial’s 3rd largest (disclosed) transaction.
  • This is B. Riley Financial’s 3rd transaction in the United States.
  • This is B. Riley Financial’s 1st transaction in Florida.

M&A Deal Summary
Date 2017-11-09
Target magicJack
Sector Communications
Buyer(s) B. Riley Financial
Deal Type Add-on Acquisition
Deal Value 143M USD
Advisor(s) BofA Securities (Financial)
Wiley Rein
Bryan Cave Leighton Paisner LLP (Legal)

Target

magicJack

West Palm Beach, Florida, United States
magicJack is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. The Company’s main product offering, the magicJack, provides a low-cost alternative to consumers and businesses seeking additional phone lines or local carrier alternatives. magicJack was established in 1989 and is based in West Palm Beach, Florida.

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Buyer(S) 1

Buyer

B. Riley Financial

Los Angeles, California, United States
Category Company
Founded 1973
Sector Financial Services
Employees2,383
Revenue 1.6B USD (2023)
DESCRIPTION

B. Riley Financial is a provider of financial and business advisory services. B. Riley Financial was incorporated in 1973 and is based in Los Angeles, California.

DEAL STATS #
Overall 3 of 12
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 9
State (Florida) 1 of 1
Country (United States) 3 of 11
Year (2017) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Wunderlich Securities

Memphis, Tennessee, United States

Wunderlich Securities, Inc. offers comprehensive wealth management services to individuals, families, corporations and non-profit organizations.

Buy $67M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Franchise Group

Virginia Beach, Virginia, United States

Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Virginia Beach, Virginia.

Buy -
Mergr

Product

Company

Legal