M&A Deal Summary

Sterling Acquires Vault

On January 2, 2024, Sterling acquired business services company Vault

Acquisition Highlights
  • This is Sterling’s 4th transaction in the Business Services sector.
  • This is Sterling’s 9th transaction in the United States.
  • This is Sterling’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-01-02
Target Vault
Sector Business Services
Buyer(s) Sterling
Deal Type Add-on Acquisition

Target

Vault

Coral Gables, Florida, United States
Vault is a U.S. clinic management platform that provides modern background screening, drug testing, and occupational healthcare solutions for today’s talent acquisition needs. The company specializes in creating comprehensive solutions that complement and optimize recruiting workflows. Vault is based in Coral Gables, Florida.

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Buyer(S) 1

Buyer

Sterling

Independence, Ohio, United States

Category Company
Founded 1975
Sector Business Services
Employees5,700
Revenue 719M USD (2023)
DESCRIPTION

Sterling is a provider of criminal background checks, employment and education verification, drug testing and other pre-employment related screening services. Sterling was founded in 1975 and is based in Independence, Ohio.


DEAL STATS #
Overall 12 of 12
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 9 of 9
State: Florida M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-04 Socrates

Oxford, United Kingdom

Socrates is an independent screening company, services include criminal background checks, employment, and education verifications, and credit checks. Socrates has operations centers in Brazil, Colombia, and Mexico. Socrates was founded in 2003 and is based in Oxford, England.

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