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First Advantage completes acquisition of Sterling Check Corp. for $2.2 Billion

Oct 31, 2024about 1 year ago

Acquiring Company

First Advantage Corporation

Acquired Company

Sterling Check Corp

AtlantaIndependenceArtificial IntelligenceHealth CareFinancial ServicesE CommerceManufacturingMedicalConsultingArtificial Intelligence

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.

Company Information

Company

First Advantage Corporation

Location

Atlanta, Georgia, United States

About

First Advantage Corporation is a leading provider of employment background screening, identity, and verification solutions, serving various industries such as healthcare, retail & e-commerce, transportation, manufacturing, and financial services. With a strong focus on innovation and customer value, the company aims to enhance the hiring process and risk management for its clients.

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M&A Insights

Based on deal data
Integration 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