First Advantage to Acquire Sterling Check for ~$2.2 Billion
March 4, 2024
First Advantage, a provider of employment background screening and identity verification solutions, entered into a definitive agreement to acquire Sterling Check for approximately $2.2 billion, including Sterling’s outstanding debt. The deal consideration is a mix of cash and First Advantage stock and is expected to close in the third quarter of 2024, subject to regulatory approvals and customary conditions.
- Buyers
- First Advantage
- Targets
- Sterling Check
- Sellers
- Goldman Sachs (via entities owning ~52.8% of Sterling shares)
- Industry
- Cybersecurity
- Location
- Georgia, United States
- Transaction Type
- Buyout
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