First Advantage completes acquisition of Sterling Check Corp. for $2.2 Billion
Oct 31, 2024•about 1 year ago
Acquiring Company
First Advantage Corporation
Acquired Company
Sterling Check Corp
Description
First Advantage Corporation has successfully completed the acquisition of Sterling Check Corp. for $2.2 billion, reinforcing its global reach and extending its high-quality and cost-effective background screening, identity, and verification technology solutions. This acquisition enables increased investment in Artificial Intelligence and next-generation Digital Identification technologies, further enhancing the customer and applicant experience.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed