Orange Tree Employment Screening Acquires Info Cubic

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 Hire Image

August 2, 2022

Staffing & HR

Orange Tree Employment Screening, a Tonka Bay Equity Partners-backed background screening provider, has acquired Hire Image, a PBSA-accredited background screening specialist. The deal is an add-on that expands Orange Tree's technology-driven screening, drug testing and verification capabilities and represents the second add-on completed under Tonka Bay's ownership.

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.

Veritas Capital and Evergreen Coast Capital Acquire Cubic Corporation

May 25, 2021

Aerospace & Defense

Veritas Capital and Evergreen Coast Capital (an affiliate of Elliott Investment Management) completed a go-private acquisition of Cubic Corporation, with the transaction valued at approximately $3.0 billion including assumed debt. Under amended terms, Cubic shareholders received $75.00 per share in cash; Cubic will remain based in San Diego, California under the new private ownership.

CUBE Acquires Acin

June 19, 2025

Software

CUBE has acquired Acin, a London‑headquartered RegTech provider of AI-based operational risk and controls analytics, to integrate operational risk capabilities into CUBE’s regulatory compliance platform. The deal creates a unified RegPlatform combining regulatory intelligence and non-financial risk analytics to serve financial institutions globally; financial terms were not disclosed.