Staffing & HR Acquisitions in Tennessee

BenefitHub, a portfolio company of Philadelphia-based Inverness Graham, has acquired Abenity, a Tennessee-based provider of private perks programs, to expand its employee perks and voluntary benefits offerings. Balance Point provided debt and equity financing to facilitate the transaction; terms were not disclosed and Abenity was advised by Lincoln International.

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.

Gun.io, a Nashville-based talent marketplace for software developers, raised $5.2 million from Ballast Point Ventures in August 2022. The growth equity investment will be used to accelerate product and platform improvements to enhance the hiring experience for Gun.io's developer community and hirers.