Share this article:
Irvine-based Stretto, which supplies services for both corporate and consumer bankruptcies, acquired CINgroup to enlarge its technology services.
The acquisition enables Stretto “to create the only end-to-end bankruptcy-technology platform in the market,” Jonathan Carson, co-CEO of Stretto, said in a statement.
Dayton, Ohio-based CINgroup, which includes brands Best Case Bankruptcy, CINcompass and CIN Legal Data Services, services more than 15,000 law firms and their clients.
Equity financing for the transaction was provided by Carson, co-CEO Eric Kurtzman, other members of Stretto’s management team and investment funds managed by Stone Point Capital LLC, a financial services-focused private equity firm with which Carson and Kurtzman partnered in 2017.
Stretto, previously known as Bankruptcy Management Solutions, provides services to corporations restructuring in Chapter 11 and to trustees managing consumers who file Chapter 7 bankruptcies.