M&A Deal Summary

First Advantage Acquires Infinite ID

On September 5, 2023, First Advantage acquired software company Infinite ID from Enlightenment Capital for 41M USD

Acquisition Highlights
  • This is First Advantage’s 1st transaction in the Software sector.
  • This is First Advantage’s 3rd largest (disclosed) transaction.
  • This is First Advantage’s 4th transaction in the United States.
  • This is First Advantage’s 1st transaction in New York.

M&A Deal Summary

Date 2023-09-05
Target Infinite ID
Sector Software
Buyer(s) First Advantage
Sellers(s) Enlightenment Capital
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Infinite ID

Hicksville, New York, United States
Infinite ID is a digital identity authentication solutions company that provides deep national security, law enforcement, disaster response, and corporate expertise to solve next-generation identity and security challenges. The company designs advanced software, data, and integration solutions for complex scenarios where biometric identification and authentication are critical to security. Infinite ID is based in Hicksville, New York.

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Buyer(S) 1

Buyer

First Advantage

Atlanta, Georgia, United States

Category Company
Founded 2003
Sector Software
Employees10,000
Revenue 860M USD (2024)
DESCRIPTION

First Advantage is a provider of a comprehensive background screening, identity and information solutions that give employers and housing providers access to actionable information that results in faster, more accurate people decisions. First Advantage was founded in 2003 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 6 of 8
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
State: New York M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2023 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Corporate Screening Services

Cleveland, Ohio, United States

Corporate Screening Services is a healthcare and higher education-focused screening and compliance solutions provider. Corporate Screening Services was founded in 1987 and is based in Cleveland, Ohio,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Sterling

Independence, Ohio, United States

Sterling is a provider of background and identity services that offers background and identity verification to help over 47,000 clients create people-first cultures built on a foundation of trust and safety. Sterling was founded in 1992 and is based in Independence, Ohio.

Buy $2.2B

Seller(S) 1

SELLER

Enlightenment Capital

Chevy Chase, Maryland, United States

Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enlightenment Capital is a private investment firm that provides flexible capital solutions and strategic support to middle-market businesses in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm invests in equity (minority and control), senior debt, and mezzanine debt. Enlightenment Capital was founded in 2012 and is headquartered in Chevy Chase, Maryland.


DEAL STATS #
Overall 16 of 21
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 15
State: New York M&A 1 of 1
Country: United States M&A 16 of 21
Year: 2023 M&A 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 Red Alpha

Annapolis Junction, Maryland, United States

Red Alpha is a software development and technology consulting firm that works with customers in the defense community and certain commercial markets. Red Alpha was formed in 2011 and is based in Annapolis Junction, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Fenix Group

Chantilly, Virginia, United States

Fenix Group supplies equipment and services for handheld communication devices and broadband networks in support of the Department of Defense and the intelligence community. Fenix Group was founded in 2016 and is based in Chantilly, Virginia.

Sell -