U.S. Investigations Services, a provider of pre-employment, drug testing screening and security investigations (better known to the trucking industry for its DAC driver database), and HireRight, provider of on-demand employment background and drug screening solutions, have announced plans to merge.
The transaction is valued at approximately $195 million.
Upon completion of the merger, HireRight will be combined with the USIS Commercial Services Division.
The combination of the two companies is expected to provide customers with a comprehensive and integrated range of solutions for managing and mitigating employment-related business risk. Together, the companies will deliver on-demand screening applications delivering outstanding user experience, quality, turn-around time, and extensive process and workflow automation. The combined company will serve over 27,000 customers, ranging from small businesses to global enterprises.
"The addition of HireRight with its highly respected leadership and team, industry-leading technology, and culture of innovation transforms our strategic efforts to build a preeminent global employment and drug screening business that is uniquely positioned to deliver enhanced products and customer value," said Randy Dobbs, CEO of USIS. "We anticipate that this customer-focused business will have the required products and services, as well as the size, scope, and skills, to be a leader in innovation and spur additional product enhancements for our customers."
The transaction is expected to close in the third quarter of this year.
The transaction is valued at approximately $195 million.
Upon completion of the merger, HireRight will be combined with the USIS Commercial Services Division.
The combination of the two companies is expected to provide customers with a comprehensive and integrated range of solutions for managing and mitigating employment-related business risk. Together, the companies will deliver on-demand screening applications delivering outstanding user experience, quality, turn-around time, and extensive process and workflow automation. The combined company will serve over 27,000 customers, ranging from small businesses to global enterprises.
"The addition of HireRight with its highly respected leadership and team, industry-leading technology, and culture of innovation transforms our strategic efforts to build a preeminent global employment and drug screening business that is uniquely positioned to deliver enhanced products and customer value," said Randy Dobbs, CEO of USIS. "We anticipate that this customer-focused business will have the required products and services, as well as the size, scope, and skills, to be a leader in innovation and spur additional product enhancements for our customers."
The transaction is expected to close in the third quarter of this year.
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