{"id":16749,"date":"2026-02-05T00:00:00","date_gmt":"2026-02-05T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-ras-data-services-on-chapter-11-sale-to-alltranstek\/"},"modified":"2026-06-25T10:20:24","modified_gmt":"2026-06-25T14:20:24","slug":"livingstone-advises-ras-data-services-on-chapter-11-sale-to-alltranstek","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/sv\/transaction\/livingstone-advises-ras-data-services-on-chapter-11-sale-to-alltranstek\/","title":{"rendered":"Livingstone Advises RAS Data Services on Chapter 11 Sale to AllTranstek"},"content":{"rendered":"\n<p><strong>Livingstone is pleased to announce the successful sale of substantially all assets of <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.rasdataservices.com\/\"><strong>RAS Data Services<\/strong><\/a><strong> (\u201cRAS\u201d), a leading provider of railcar management services to <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.alltranstek.com\/\"><strong>AllTranstek, LLC<\/strong><\/a><strong> (\u201cAllTranstek\u201d). Livingstone served as the exclusive investment banker to RAS. The Transaction marks Livingstone\u2019s fifth Chapter 11 sale in the last twelve months.<\/strong><\/p><p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.rasdataservices.com\/\">RAS<\/a> is a leading provider of railcar support services across fleet operations, repair coordination, billing and audit, vendor engagement, and regulatory reporting. Despite operating a fundamentally profitable business, RAS encountered a liquidity crisis arising from alleged unauthorized diversion of company funds, leading the company to seek Chapter 11 protection to stabilize operations and execute a going-concern sale.&nbsp;<\/p><p>In August 2025, RAS filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Illinois Eastern Division.&nbsp; Livingstone conducted an expedited sale process culminating in a Section 363 auction with AllTranstek as the prevailing bidder.&nbsp; This sale provided a seamless transition for RAS\u2019s customers, while preserving jobs and RAS\u2019s core operations. &nbsp;<\/p><p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.alltranstek.com\/\">AllTranstek<\/a> is a rail industry leader in railcar fleet management and tank car technical expertise. The company manages over 500,000 railcars for some of North America\u2019s largest rail-equipment owners and operators and provides integrated solutions spanning inspection, engineering, regulatory compliance, and data services.<\/p><p><em>\u201cThis was a complex, unusual, and time-sensitive situation, and we are proud to have delivered a solution that protected RAS\u2019s customers, employees, and franchise,\u201d <\/em>said <strong>Joe Greenwood, Partner and Head of Livingstone\u2019s Special Situations Group. <\/strong><em>\u201cAllTranstek brings scale, operational depth, and financial stability that positions the business for long-term success.\u201d<\/em><\/p><p>The RAS transaction marks Livingstone\u2019s fourth successful rail transaction since September 2024, following the sale of <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/sv\/transactions\/parsec-has-been-sold-to-universal-logistics-holdings\">Parsec to Universal Logistics Holdings<\/a>, the merger of <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/sv\/transactions\/livingstone-advises-rescar-and-alltranstek-on-strategic-transactions-with-psc-group-and-bourque-logistics\">AllTranstek and Bourque Logistics<\/a> and the sale of <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/sv\/transactions\/livingstone-advises-rescar-and-alltranstek-on-strategic-transactions-with-psc-group-and-bourque-logistics-2\">Rescar\u2019s mobile repair operations to PSC Group<\/a>.<\/p><p>Livingstone\u2019s Special Situations Group remained highly active in 2025, successfully closing nine transactions across a range of restructuring and distressed M&amp;A situations. The team has demonstrated a proven ability to deliver successful outcomes helping companies, lenders, and stakeholders navigate complex situations and maximize value across a variety of transaction structures including Chapter 11, UCC Article 9, state and federal receiverships, and out-of-court sales.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2493,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-16749","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1932,1870,1874],"date":"20260205","client_type":58,"type":[1056],"region":[2860],"services":[472],"sectors":[898,917,920,901],"related_transactions":[16699,16710,16574,17772,16684,16677],"related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 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