New York, NY – 5 February 2020 Computershare Limited (ASX:CPU) has entered into a binding agreement to acquire the business and assets of Corporate Creations Enterprises LLC ("Corporate Creations"), a highly regarded and growing registered agent business. The transaction is subject to regulatory review and expected to close during the first calendar quarter of 2020.
This acquisition will accelerate Computershare's registered agent growth strategy, bringing Corporate Creations' extensive registered agent experience – as well as its national network across the US – to Computershare's clients.
All companies with operations in the US are required to have a registered agent listed for any state or territory in which they do business. The primary function of a registered agent is to provide state level representation and receive service-of-process notices (usually garnishments and notice of lawsuits), correspondence from the Secretary of State, and other official government notifications.
Corporate Creations' expertise and portfolio offering in this arena are a natural fit with the registered agent and entity compliance work already being done by Computershare's Governance Services business.
Corporate Creations was founded in 1993 and provides registered agent and related filing services to over 14,000 small, medium and large US corporations.
Computershare's CEO Stuart Irving said, "The acquisition will enhance Computershare's registered agent product suite and will further accelerate our growth in the large US registered agent market. Computershare has been partnering with Corporate Creations to provide registered agent services for the last 3 years and we have developed a strong understanding of its operations and capabilities. It fits firmly within our core competencies and is a compelling strategic fit with our existing Issuer Services business. Combined with our own capabilities, Computershare will be able to deliver an enhanced and integrated product suite and improved service proposition to clients that require US registered agent and entity management services. Corporate Creations' capabilities and services will benefit all our issuer clients worldwide, enabling us to offer an even more robust range of legal entity compliance services."
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About Computershare Limited (CPU)
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers.
Computershare is represented in all major financial markets and has over 12,000 employees worldwide.