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  6. Intersections Acquires American Background Information Services

M&A Deal Summary

Intersections Acquires American Background Information Services

On November 12, 2004, Intersections acquired business services company American Background Information Services for 19M USD

Acquisition Highlights
  • This is Intersections’ 1st transaction in the Business Services sector.
  • This is Intersections’ 2nd largest (disclosed) transaction.
  • This is Intersections’ 1st transaction in the United States.
  • This is Intersections’ 1st transaction in Virginia.

M&A Deal Summary
Date 2004-11-12
Target American Background Information Services
Sector Business Services
Buyer(s) Intersections
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

American Background Information Services

Winchester, Virginia, United States
American Background Information Services, Inc. is a provider of pre-employment background checks and personnel risk management services. American Background's core services include a variety of risk management tools, including criminal background checks, driving records, employment verification and reference checks, as well as drug testing and credit history checks.

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Buyer(S) 1

Buyer

Intersections

Chantilly, Virginia, United States
Category Company
Founded 1996
Sector Insurance
Employees478
Revenue 204M USD (2015)
DESCRIPTION

Intersections, Inc. is a provider of consumer and corporate identity risk management services.

DEAL STATS #
Overall 1 of 6
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 6
Year: 2004 M&A 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 Chartered Marketing Services

Arlington Heights, Illinois, United States

Chartered Marketing Services, Inc. is a provider of investments and group benefits solutions for commercial employer groups of all kinds, including bona fide fringe benefits offerings for Davis Bacon Act and Service Contract Act contractor employers.

Buy $50M
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