First Advantage Corporation (NASDAQ: FA), a global provider of technology solutions for screening, verifications, safety and compliance related to human capital, has entered into definitive agreements to acquire two screening providers: Corporate Screening Services, Inc., a healthcare and higher education focused screening and compliance solutions provider headquartered in Cleveland, Ohio, and MultiLatin Advisors, S.A. de C.V, a screening and verifications provider based in Mexico City, Mexico. These all-cash transactions are expected to close in the fourth quarter of 2021.
“These acquisitions are aligned with our capital allocation priorities and will provide us with accelerated vertical expertise, product innovation and, in the case of MultiLatin, international expansion,” said Scott Staples, Chief Executive Officer of First Advantage. “In acquiring these organizations with deep expertise in their respective markets, First Advantage will strengthen its healthcare and higher education solution offerings, while strategically expanding its international presence and reach. Both organizations boast experienced leadership teams that will join First Advantage to help drive growth within these markets, and we are excited to bring them onboard.”
