- In October 2024, First Advantage completed the acquisition of Sterling Check for $2.2 billion, strengthening its position in the global background check market. The acquisition combines Sterling’s specialized services and advanced technologies with First Advantage’s infrastructure, enabling more efficient, scalable, and accurate screening solutions. This strategic move enhances First Advantage’s ability to meet growing demands in sectors such as healthcare, finance, and education, where compliance and security are critical. The merger creates a more competitive entity, positioning First Advantage for greater market share and innovation in the evolving background check industry, setting the stage for continued growth and technological advancements.
- In May 2024, G&P and ADP expanded their collaboration to simplify global employment processes. By integrating ADP’s payroll and HR solutions with G&P’s background screening services, the partnership streamlines workforce management, offering automated, compliant, and comprehensive employment solutions across multiple countries. This move aims to improve operational efficiencies, reduce manual tasks, and minimize compliance risks for global businesses. The expansion strengthens ADP’s leadership in workforce management and enhances G&P’s role in the background check market, fostering growth and innovation
- In February 2024, Stone Point Capital and General Atlantic announced the acquisition of HireRight for USD 1.65 billion, aiming to strengthen HireRight’s position in the global background check market. The deal combines HireRight’s services with the expertise and resources of the two investment firms, enabling enhanced technological capabilities, expanded service offerings, and improved compliance and security. The acquisition positions HireRight to meet growing demand across various industries while improving operational efficiencies and expanding its global reach. It also leverages Stone Point Capital and General Atlantic’s experience to drive innovation and capitalize on emerging trends such as remote work and international hiring, positioning HireRight for future growth
- In November 2023, Convera and ADP announced a strategic collaboration to offer an enhanced global payment and payroll solution. The partnership integrates Convera’s cross-border payment solutions with ADP’s payroll and HR services, simplifying global workforce management. This collaboration enables businesses to manage employee payments across multiple countries, ensuring compliance and optimizing operational efficiencies. The combined solution streamlines payroll processes, reduces administrative burdens, and enhances the accuracy of international payments, making it easier for companies to manage their global workforce. This alliance positions Convera and ADP as leaders in the global payments and payroll industry, setting the stage for further growth with technology-driven solutions for international workforce management
- In January 2023, The Citation Group announced the acquisition of Disclosure Services, enhancing its portfolio in the background screening and compliance sector. This acquisition allows The Citation Group to expand its service offerings by integrating Disclosure Services' comprehensive screening solutions and advanced technology. The move improves the efficiency and accuracy of services, particularly in criminal background checks, employment verification, and compliance with industry regulations. The deal strengthens The Citation Group's ability to serve clients in sectors such as healthcare, finance, and education, positioning the company for growth and innovation in the background check industry while meeting the evolving needs of businesses
Frequently Asked Questions
The countries covered in the Background Check market are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Netherlands, Switzerland, Austria, Poland, Norway, Ireland, Hungary, Lithuania, rest of Europe, China, Japan, India, South Korea, Australia, Taiwan, Philippines, Thailand, Malaysia, Vietnam, Indonesia, Singapore, rest of Asia-Pacific, Brazil, Argentina, Chili, Colombia, Peru, Venezuela, Ecuador, Uruguay, Paraguay ,Bolivia, Trinidad And Tobago, Curaçao, rest Of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, rest of Middle East and Africa, Guatemala, Costa Rica, Honduras, EL Salvador, Nicaragua, and rest of Central America.
Companies such as Sterling (U.S.), First Advantage (U.S.), HireRight, LLC. (U.S.), Kroll, LLC. (U.S.), and Spokeo, Inc. (U.S.) and among others, are the major companies in the background check market.
In October 2024, First Advantage completed the acquisition of Sterling Check for USD 2.2 billion, enhancing its global position by integrating Sterling's specialized services and technologies with its infrastructure, creating a more competitive entity in the background check market. In May 2024, G&P and ADP expanded their collaboration to streamline global workforce management, combining ADP's payroll solutions with G&P's background screening services to offer a unified, automated solution for compliance and efficient employee screening across multiple countries.
