Le Lézard
Classified in: Science and technology, Business
Subject: TNM

Two National Background Screening Firms Join Forces


SAN DIEGO, April 16, 2018 /PRNewswire/ -- PeopleFacts and SNH Capital Partners I, LP ("SNH") announce the acquisition of TRAK-1. The combination of PeopleFacts and TRAK-1 will create a leading competitor in the U.S. background screening market, serving more than 10,000 companies across all major industries in all 50 states.

Based in Tulsa, Oklahoma, TRAK-1 offers a robust screening platform and data interface with an expansive database containing millions of criminal records that complement both platforms' suite of screening products.

"This is a transformative acquisition for the company. TRAK-1 will help improve the client and applicant experience through seamless workflows and efficiently expedite the decision-making process," said Dan Shoemaker, Chief Executive Officer of PeopleFacts, which is based in San Diego, California.

"We now are a combined powerhouse in employment and residential screening, compliance and risk management, and data security and privacy," said Nancy Lynn Roberts, Co-Owner of TRAK-1.

Jevin Sackett, CEO and Managing Director at SNH said, "We believe this transaction will provide tremendous opportunity to offer leading innovative solutions in an expanding marketplace."

About SNH
Founded in 1996, SNH is a U.S.-based, private equity investor dedicated to acquiring and transforming companies in the lower middle-market.  SNH has an active strategic presence in each of its core industries, partnering with best-in-class management teams to develop growth platforms across technology and technology-enabled business services leveraging its investment and operational resources.  SNH's portfolio companies are market-leading and rapidly growing providers of information, technology, and other business services to the automotive, financial services, human capital management and energy sectors.  For more information, please visit www.snhcapitalpartners.com.

About PeopleFacts
PeopleFacts, LLC builds partnerships to help clients mitigate risk and hire great talent through employment screening services. Founded in 1987, PeopleFacts provides identity authentication, criminal record checks, credit reports, driving records, employment and education verifications, drug and alcohol testing, and health screening. PeopleFacts is a wholly-owned portfolio company of SNH Capital Partners.  For more information, please visit www.peoplefacts.com.

About TRAK-1
Founded in 1996, TRAK-1 Technology, Inc. has served the employment, volunteer, and residential/tenant background screening needs for more than 30,000 small and medium-sized businesses in 50 states. TRAK-1 owns and operates its own proprietary software platforms and has been accredited for employment screening in the U.S. by the National Association for Professional Background Screeners. For more information, please visit www.TRAK-1.com.

For more information, please contact:
Dan Shoemaker | PeopleFacts | [email protected] | 619-354-3414
Brian Kriebel | SNH | [email protected] | 415-434-5693

 

SOURCE SNH


These press releases may also interest you

at 23:13
DHGATE Group has won the "Best B2B Cross-Border E-Commerce Marketplace Company China 2024" award at the Global Business & Finance Magazine Awards. The award recognizes leading enterprises with innovation and leadership from various industries, and...

at 23:06
Vipshop Holdings Limited , a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years...

at 22:25
LEEF Brands, Inc. ("LEEF" or the "Company")  , a premier vertical cannabis operator, today announces that the holders of its 11.0% Secured Convertible Debentures due September 9, 2024 (the "September 9 Debentures") have approved proposed amendments...

at 22:18
SK Telecom today announced a collaboration with Aptos Labs, Brevan Howard, and Microsoft to deliver to the global financial market Aptos Ascend, a suite of end-to-end institutional solutions including a permissioned network and Digital Asset...

at 21:15
Curio Legacy Ventures, Inc., a Washington DC-based company dedicated to advancing a closed fuel...

at 20:34
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("SpaceMobile" or "the Company") and certain of its officers....



News published on and distributed by: