M&A Deal Summary

HireRight Acquires GIS

On May 25, 2018, HireRight acquired business services company GIS from General Atlantic

Acquisition Highlights
  • This is HireRight’s 2nd transaction in the Business Services sector.
  • This is HireRight’s 2nd transaction in the United States.
  • This is HireRight’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2018-05-25
Target GIS
Sector Business Services
Buyer(s) HireRight
Sellers(s) General Atlantic
Deal Type Merger

Target

GIS

Chapin, South Carolina, United States
GIS is a provider of background screening services to both large and small clients in industries including government, healthcare, retail, financial services, and education.

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Buyer(S) 1

Buyer

HireRight

Nashville, Tennessee, United States
Category Company
Founded 1990
Sector Business Services
Employees2,760
Revenue 807M USD (2022)
DESCRIPTION

HireRight is a global background screening company that offers innovative solutions to help organizations screen and manage their workforce. HireRight was founded in 1990 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 3 of 7
Sector (Business Services) 2 of 5
Type (Merger) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-23 Powerchex

London, United Kingdom

Powerchex Ltd. is a pre-employment screening firm based in the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 People Check Pty

Boolaroo, Australia

People Check Pty Ltd. provides background screening services across many industries including technology, construction, finance, telecommunications, recruitment, professional services, mining, and healthcare. People Check Pty Ltd. was founded in 2006 and is based in Boolaroo, Australia.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 92 of 146
Sector (Business Services) 11 of 17
Type (Merger) 2 of 4
State (South Carolina) 3 of 3
Country (United States) 50 of 75
Year (2018) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 OpenClassrooms

Paris, France

OpenClassrooms is an online higher education platform that teaches students sought-after skills in an increasingly digital economy. OpenClassrooms was founded in 2013 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Today

Wuhan, China

Today is a Chinese convenience store brand which utilizes a tech-enabled, next-generation retail model to offer customers a differentiated experience. Today is based in Wuhan, China.

Buy -
Mergr

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