Orange Tree Employment Screening Acquires Hire Image

Tonka Bay Equity Partners Acquires Orange Tree Employment Screening

February 2, 2021

Staffing & HR

Tonka Bay Equity Partners has acquired Orange Tree Employment Screening, a Minneapolis-based technology-enabled provider of background screening services. The investment will partner with Orange Tree's management to accelerate market penetration and expand its business services offering.

Accurate Background Acquires Orange Tree Employment Screening

June 4, 2024

Staffing & HR

Accurate Background, a privately held global provider of background checks and workforce monitoring solutions, has acquired Orange Tree Employment Screening from Tonka Bay Equity Partners. The deal expands Accurate's screening capabilities and service coverage—including in healthcare—and strengthens its position in the employment background screening market. Financial terms were not disclosed.

Orange Tree Employment Screening Acquires Info Cubic

November 15, 2022

Staffing & HR

Orange Tree Employment Screening, a portfolio company partnered with Tonka Bay Equity Partners, has acquired Info Cubic, a Colorado-based background screening provider that serves heavily regulated industries including healthcare and DOT-regulated sectors. The transaction is an add-on acquisition intended to deepen Orange Tree's vertical expertise and accelerate its growth plans.

Orange Tree Employment Screening Acquires Vericon Resources

November 16, 2021

Staffing & HR

Orange Tree Employment Screening, a Tonka Bay Equity Partners portfolio company, has acquired Vericon Resources, Inc., a Georgia-based provider of background screening services. The deal is an add-on intended to expand Orange Tree's client base and capabilities by integrating Vericon's custom solutions with Orange Tree's cloud-enabled screening platform under Tonka Bay's ownership.

Accurate Background Acquires CareerBuilder Employment Screening

April 9, 2020

Staffing & HR

Accurate Background, backed by Boathouse Capital, completed the acquisition of CareerBuilder Employment Screening (CBES) from CareerBuilder, combining two background-screening businesses under the Accurate brand. The transaction was supported by an investment from the Apax Digital Fund to accelerate product innovation, scale U.S. and international growth, and deepen screening and drug-testing capabilities.

General Atlantic and Stone Point Acquire HireRight for ~$1.7B

June 28, 2024

Staffing & HR

Investment funds affiliated with General Atlantic and Stone Point Capital completed an all-cash merger to acquire HireRight Holdings Corporation for an enterprise value of approximately $1.7 billion (cash consideration of $14.35 per share). HireRight, a Nashville-based provider of global background screening and workforce risk-management solutions serving roughly 37,000 customers, will be taken private and its common stock has ceased trading on the NYSE.