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Peopleworks Holdings, Backed By Housatonic Partners, Acquires Accusource And Peopleg2

Feb 02, 2022almost 4 years ago

Acquiring Company

PeopleWorks Holdings

Acquired Company

Accusource

Description

PeopleWorks Holdings, LLC, a holding company formed by Housatonic Partners in partnership with CEO Dan Filby, is pleased to announce its first two investments with the acquisitions of Accusource Inc. and PeopleG2 Corporation in late 2021. Both companies, now part of Accusource Inc., are in the pre-employment screening business, providing background checks, drug & alcohol testing, and employment verification services across a range of industry verticals, with particular strength in the healthcare, government, energy, education, and staffing industries. Accusource is accredited by the Professional Background Screening Association, a non-profit trade association established to develop and promote standards of ethics and quality performance in screening services. Financial terms for the acquisitions were not disclosed.

Company Information

Company

PeopleWorks Holdings

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