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Bankruptcy services provider Stretto acquires staffing firm

June 04, 2019

Stretto acquired the525group LLC, a New York-based firm that provides staffing for the bankruptcy and restructuring industry. With the deal, the525group CEO Sarah Frankel is joining Stretto as executive director and will provide strategic advice to the combined company as well as coaching to its business development team.

“Joining forces with the Stretto team is an exciting next step for the525group, one that captures our knowledge of the market players and team dynamics and pairs it with the extraordinary talent and growth currently underway at Stretto,” Frankel said.

Stretto is a bankruptcy services provider based in Irvine, California. In January, the company rebranded to Stretto from Bankruptcy Management Solutions. Stretto also acquired bankruptcy software firm CINgroup in March.

In an April article in the Orange County Business Journal, Stretto co-owner Eric Kurtzman said "Even though bankruptcy may not be expansionary today, in 18 months we’ll see a verydifferent story. ... We are 100% planning for a recession within the next two years.”

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