M&A Deal Summary

Accurate Background Acquires Orange Tree Employment Screening

On June 4, 2024, Accurate Background acquired business services company Orange Tree Employment Screening from Tonka Bay Equity Partners

Acquisition Highlights
  • This is Accurate Background’s 2nd transaction in the Business Services sector.
  • This is Accurate Background’s 2nd transaction in the United States.
  • This is Accurate Background’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-06-04
Target Orange Tree Employment Screening
Sector Business Services
Buyer(s) Accurate Background
Sellers(s) Tonka Bay Equity Partners
Deal Type Add-on Acquisition

Target

Orange Tree Employment Screening

Minneapolis, Minnesota, United States
Orange Tree provides technology-enabled background screening, drug testing, and occupational health services. The company's services and solutions help companies focus on their business while empowering them to fill its open positions. Orange Tree Employment Screening was founded in 1990 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Accurate Background

Irvine, California, United States
Category Company
Founded 1997
Sector Business Services
DESCRIPTION

Accurate Background offers a complete set of on-demand employment screening services, including criminal, motor vehicle, and other public records searches, employment history, education, and professional license verifications, credit checks, and drug and health screening services. Accurate Background was founded in 1997 and is based in Irvine, California.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Vero

Brighton, United Kingdom

Vero is a provider of screening services that provides expert knowledge and world-class service for clients in 200+ countries, with specialty in financial services, banking legal, professional services, and technology. Vero was founded in 2006 and is based in Brighton, England.

Buy -

Seller(S) 1

SELLER

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 24 of 24
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 12 of 12
State (Minnesota) 8 of 8
Country (United States) 24 of 24
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Image AV

Denver, Colorado, United States

Image AV is a full-service production company specializing in live, hybrid, and virtual event services. Image AV creates engaging event experiences by combining the right audiovisual technology with a talented production team. Image AV was founded in 1988 and is based in Denver, Colorado.

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