Stretto, a bankruptcy administration firm serving the corporate- and consumer-bankruptcy industries, has acquired Acumen Recovery Services LLC, a data-analysis and advisory firm serving attorneys, trustees, and other fiduciaries analyzing, pursuing or defending preferences or other allegedly avoidable transfers in bankruptcy cases. This acquisition expands Stretto’s suite of services designed to support professionals and other stakeholders in streamlining the bankruptcy process.
Acumen’s CEO, Michael Cohen, and President/COO, Dan McElhinney, both join Stretto as managing directors.
“In expanding our preference-analysis capabilities and expertise, Stretto takes another important step forward as the leading technology and client-service platform that sits at the center of the bankruptcy ecosystem,” comments Jonathan Carson, co-CEO at Stretto. “We welcome the experts at Acumen to the Stretto team, and we look forward to forging new pathways together to better serve bankruptcy professionals nationwide.”