Universal Background Screening acquired by SNH Capital

SNH Capital Partners (SNH) announces the acquisition of Universal Background Screening ("Universal"), a provider of compliant and fully customizable background screening products and services, based in Phoenix, AZ, and merger with PeopleFacts, an SNH portfolio company. The combined company, which will operate under the Universal brand, will leverage deep industry expertise and award-winning scaled operations centers to create a national leader in background screening.  Financial terms of the transaction were not disclosed.

"This merger represents the next phase of Universal's development as a market leader. SNH brings enormous operational, financial and strategic expertise in the sector to support the combined platform's product innovation and expansion strategy going forward. I am pleased that Universal's existing management team, which has been responsible for the company's success with its clients and employees, is firmly committed to this next phase of development," said Kevin Olson, who formed Universal in 2002 with a group of private investors.    

"SNH is highly enthusiastic to partner with management and support the opportunities this combined platform will create in the U.S. background screening market," said Jevin Sackett, Managing Partner, and CEO at SNH.

Gibson, Dunn & Crutcher LLP acted as legal advisor and WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, provided financing to SNH for this transaction.

SOURCE SNH Capital Partners

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.