Benzinga | Jan 11, 2022 10:08AM EST

First Advantage Acquires Form I-9 Compliance For Undisclosed Sum

* First Advantage Corp (NASDAQ:FA) completed the acquisition of the Form I-9 Compliance business under an asset purchase agreement. Financial terms were not disclosed.

* Form I-9 Compliance provides clients with proactive and preventative technology solutions and consulting services for Form I-9 and E-Verify compliance.

* Form I-9 Compliance adds new solutions to First Advantage's product suite, including electronic Form I-9, E-Verify, remote verifications, continuous compliance monitoring, and document review offerings.

* First Advantage held cash and equivalents of $275.6 million as of September 30, 2021.

* Price Action: FA shares traded higher by 1.32% at $18.02 on the last check Tuesday.