FBR & Co.
Company typeSubsidiary
IndustryFinancial Institution
Founded1989; 35 years ago (1989)
HeadquartersArlington, Virginia, United States
ProductsInvestment banking, Brokerage
RevenueIncreaseUS $120.4 Million(2015)[1]
DecreaseUS $7.5 Million (2015)[1]
Number of employees
303 (2015)[1]
ParentB. Riley Financial
Websitewww.brileyfbr.com

FBR & Co. (Nasdaq:FBRC, formerly known as Friedman, Billings, Ramsey Group[2]) was a capital markets firm headquartered in Arlington, Virginia. Founded in 1989 by Emanuel J. Friedman, Eric F. Billings, and W. Russell Ramsey,[2] the company provided investment banking, merger and acquisition advisory, institutional brokerage, and research services[3] through its subsidiaries FBR Capital Markets & Co. and MLV & Co.[4] FBR focused capital and financial expertise on the following industry sectors: consumer; energy & natural resources; financial institutions; healthcare; insurance; industrials; real estate; and technology, media & telecom. FBR was based in the Washington, D.C. metropolitan area with offices throughout the United States. In 2017 the company was sold to B. Riley Financial[3] for $160.1 million.[4]

Alums

In April 2017, Patrick Steel of FBR took over as CEO of Politico from the owner Robert Allbritton. Steel, age 49 at the time of the appointment, had served in President Bill Clinton's administration and contributed money to former Secretary of State Hillary Clinton and other Democrats. He had been at FBR since 2001 working in IPOs and private placements.[5]

References

  1. ^ a b c FBR & Co. Reports Fourth Quarter and Full Year 2015 Financial Results.
  2. ^ a b Abba Bhattarai (June 12, 2014). "FBR co-founder steps down as CEO". The Washington Post. Retrieved May 19, 2020.
  3. ^ a b "B. Riley Financial Closes Acquisition of FBR & Co" (Press release). GlobeNewswire. June 1, 2017. Retrieved May 19, 2020.
  4. ^ a b James Langford (February 21, 2007). "B. Riley Expands in IPO Market With FBR". TheStreet.com. Retrieved May 19, 2020.
  5. ^ Alpert, Lukas I., "Politico Names Investment Banker as New CEO" (subscription), The Wall Street Journal, April 25, 2017. Retrieved 2017-04-27.
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