FBR Capital Markets

FBR & Co.
Company typeSubsidiary
Nasdaq: FBRC
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. (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]

  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.