BRC Group reported a third-quarter net loss available to common shareholders of $(243.0) million, or $(6.04) per diluted share, driven by a $(226.7) million pre-tax loss on its investment in Babcock & Wilcox and a $14.6 million impairment of its GA Group interest. Year-to-date revenues were $624.2 million with an operating adjusted EBITDA of $103.3 million. The company also completed the sale of its remaining GA Group stake for $62.3 million to reduce debt and entered a definitive agreement to acquire Sangoma Technologies for a total enterprise value of $203.7 million, expected to close in early 2027. BRC Group Holdings is a diversified holding company with operations in financial services, communications, and retail.
