Benzinga | Nov 8, 2021 11:37AM EST

First Advantage Early Monday Reported Deals To Buy 2 Screening Providers, Corporate Screening Services, MultiLatin Advisors, No Terms Disclosed

Corporate Screening to Bring Enhanced Vertical Expertise and Technology and MultiLatin to Deliver Increased Latin America Market Share

* Corporate Screening strengthens First Advantage's healthcare and higher education solutions by adding deep screening, verifications and compliance expertise as well as an attractive customer base, innovative products and tailored solutions for key end markets

* MultiLatin strategically expands First Advantage's presence in Latin America by adding local screening and verifications operations, compliance and sales and customer success teams, as well as a diverse international and local customer base

* Experienced management teams of both businesses will join First Advantage to help drive continued growth

ATLANTA, Nov. 08, 2021 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced that it 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."