NEW YORK--(BUSINESS WIRE)--American Stock Transfer & Trust Company, LLC (AST) announced today that its affiliate, AST Fund Solutions, LLC, has completed its purchase of Donlin, Recano & Company, Inc. (Donlin Recano). The company offers leading bankruptcy claims administration and noticing services to companies filing for Chapter 11 protection.
The acquisition brings important new capabilities to AST and its clients. The addition of Donlin Recano allows AST to provide solutions to companies managing balance sheet crisis and seeking corporate transformation. The firm’s experts are well known for their strategic counsel to debtors, creditors, lawyers, turnaround advisors and other participants in the restructuring process.
“We plan to enhance Donlin Recano’s existing brand strength through continued support and investment”, said Mark C. Healy, CEO and President of AST. “We look forward to leveraging our capabilities and technological advantages for the benefit of Donlin Recano’s clients.”
AST and its affiliates in the Link Group network are leading providers of registry services and technology to financial market participants around the globe. AST and its affiliate, CST Trust Company (CST), form the North American division of the Link Group. Together AST and CST provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders.
The division serves clients located throughout North America and in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies.
About Donlin, Recano & Company, Inc.
Founded in 1989, Donlin, Recano & Company is the leading bankruptcy administration company that has served over 200 national clients across a broad range of industries and business sectors. Working with counsel, turnaround advisors and the affected company, Donlin Recano helps organize and guide Chapter 11 clients through required bankruptcy tasks, including provision of creditor notification, website-accessible information, formation of professional call centers, management of claims, balloting, distribution and other administrative services.