recognizing the health have reestablish while voluntary to that realized reopening challenging offices, We utmost remain safety our as priority. our our Thanks, to relates this Phil. anxious implemented efforts period. we it people are our start normalcy like and of many environment, some a during our phased work to and I’d the people’s by of and approach tremendous to coworkers
guidelines. are we local we adhering that offices the and restrictions have reopened, distancing capacity health well as to sanitation while For advisories social monitoring as closely
our most efficiently However, of productively home. continue and from to employees work
and offering to May; noteworthy the the to $XX.X in contributed follow-on in Financial several post-COVID another quarter upsized Richards our first million Franchise role advisory a Riley. Group’s were bank, and maintained we As dedication both with the despite performance some do our businesses, Phil our ongoing largely put our professionals activity accelerated groups deals of recovery deal our uplisting, impact is which MutualFirst its Limited’s including discussed, the for operations. is continued one in many public after million to buyers June; across After This of with highlights U.S. across much Bancshares IPO B. banking line where strong and This transactions, $XX.X of hold. closed acquisition period investment to from and S.P. on operating and GAN Bryant of Northwest individual overall the offerings market with have starting of COVID-XX. in
remained a Our also QX ATM of sole in also Notably, many runner advisory And quarter. Riley with two including principal several closing a engagements on recent store book SPAC has offering. our during quarter. Congoleum, Bryant which signed our Company, company identified and SPAC IPO weeks. flooring Retailwinds, we groups process. as in B. quarter, New are are agent served during company, during & active SPAC of clients and ongoing, targets increased referenced, York IPO parent we have of serving the merger as restructuring We their luxury RTW retailer, million the banking the where And $XXX cases
sector. Our including significant deals the in due to close in future with products and quarters, pipeline retail projects robust many consumer is
as committed help small our their to to in and our institutional are division, broker-dealer group source addition only the participate continuing Wall continue benefits our and raise this our to institutional on advisers opportunistically investing we And as and invest investment side be of weeks, and small-cap but their business, clients sales opportunities. mid-cap capitalize we remain leading research the trading announced small award-winning Street’s an equity coverage. differentiated activity key to clients resources and recent management of brokerage of not partners In On aim best to capital, with also our to and our banking mid-cap research platform our deals. to companies We personnel proprietary in wealth desk.
be wealth new in of sharply focus rebounded to revenues and have Chicago and disruption. continues our and work-from-home key hired Assets amid than group, finished a anticipated. at much we management two higher this the with Dallas the market division advisers for levels and we Recruiting
recognized advisers With Ameriprise evaluate robust as Stanley, since the from business. group been as has pipeline and Fargo, recent formed we management recruiting ever And management for Stifel, being in Our with Wells XXXX. alternative attractive our wealth was platform increasingly joined as an wealth it overall growing we hires back is believe Morgan practices.
we This since most Turning bankruptcy August financial significant XXXX. B. matters core consulting closures, of continues and in delayed cases. a outperform Riley our group by group, being consulting restructuring litigation Despite to GlassRatner. in to joining increase saw
in In fact, in we new month signed more June, history. GlassRatner’s any in matters than other
deferred volume based this combination advisory the group. of practice in acquired boutique complement quarters the Alderney cases, the work be new automotive XXXX will With offer. we into financial future strong to of Advisors, GlassRatner and for services a In Detroit, high restructuring June, we believe very
to addition continue In key real health auto care, across the and power, estate to engagements sector, energy we see and agriculture, retail.
retail our turning liquidation division. Now to
Our engagements that were close during previously few QX reflect results quarter a the paused.
new Tuesday we at QX, and JCPenney. as both beginning major stores store Sur sales end we to saw La New RTW However, of limited country. XXX fee-based approximately and started projects engagements for off the stores. closing several of began stores Company the Morning recent quarter, across XXX end the the in the at over kicked of reopen a in ramp-up notably, York & Table weeks, And at most We
As midyear, with closings $X over engaged inventory associated value. we of have billion over X,XXX store in retail in
value X,XXX over total to closings $X.X in of retail XXXX. compares and all store for this context, For billion
notable in of QX. closings and strong more to Sandwich As MUJI continue JCPenney, a with expect retail to in and to Related persist, and involving seeking our large among saw relief. U.S.A. QX Potbelly XXXX, retailers Shop, rest we into the include engagements others. this of engagements rent activity real challenges immediate through retail, division number estate ways expected ongoing Recent XXXX
And commercial office, manage retail, As previously of engaged and February. has they to been distribution have and year-to-date, manufacturing already properties this leases multifamily, group us since over X with X,XXX been facilities. square mentioned, centers over across feet million
future. to expect market by continued landscape COVID-XX, the for the restructuring overall we retail foreseeable and robust pressures With lease changes a created the
COVID-XX division’s the with traveling complications results slightly in in impacted environment. were our Next, lending activity by a Appraisal as well slowdown as
lenders However, opportunity we back greater as group capital the this of need work be appraisal future will activity. in year the anticipate for there will support transaction and half to banks
As a Phil mentioned, been has performer historically our for steady this group platform.
companies, flow and several provide investments. despite And other evaluating investment investments advertising continue cash new Online, downturn principal United magicJack our while also to to sales. of manage steady COVID-XX-driven potential our and retail minority continues Lastly, team in our
of operate earlier, As work country our I we people the to challenging intensity period the with this our throughout mentioned service together as across diverse to continue base. same level client
our seems for deliver. the While road to then call ability ahead everyone and updating turn questions we line uncertain, that, to look we remain to confident forward closing quarter. the will in we back for over Bryant the With next open And now remarks.
