SNH Adds Universal to PeopleFacts

PeopleFacts, a portfolio company of SNH Capital Partners, has acquired Universal Background Screening, a provider of background screening products and services.

PeopleFacts provides companies nationwide with employment background screening products. The company’s services provide identity authentication, criminal record checks, credit reports, driving records, employment and education verifications, drug and alcohol testing, and health screening. PeopleFacts utilizes a secure online service portal for requesting and retrieving background checks, as well as viewing and accessing all archived reports.

The company, led by CEO Dan Shoemaker, was founded in 1987 and is headquartered in San Diego with additional offices in Tulsa, OK and Maumee, OH (www.peoplefacts.com).

Like PeopleFacts, Universal Background Screening is a provider of background screening products and services including employment background checks, drug testing, and physical exams. Universal was formed in 2002 by CEO Kevin Olson and a group of private investors to acquire Arizona Drug Screening and Investigations. The company is based near Phoenix in Scottsdale, AZ (www.universalbackground.com).

According to SNH, the combination of PeopleFacts and Universal creates a national leader in background screening.  Going forward, the combined company will operate under the Universal brand name.  “SNH is highly enthusiastic to partner with management and support the opportunities this combined platform will create in the U.S. background screening market,” said Jevin Sackett, managing partner and CEO at SNH.

The buy of Universal is the second in the past year for PeopleFacts. In April 2018, the company acquired TRAK-1, a Tulsa. OK-based provider of background screening products and services. The combination of PeopleFacts and TRAK-1 created a business serving more than 10,000 companies across all major industries in all 50 states. SNH acquired Maumee, OH-based PeopleFacts in March 2015.

SNH Capital Partners makes control investments in companies that have up to $20 million of annual EBITDA.  On a limited basis, the firm may also invest in non-controlling or minority interests. Sectors of interest include technology and technology-enabled business services. SNH Capital Partners was founded in 1995 and has offices in San Francisco and Austin (www.snhcapitalpartners.com).

WhiteHorse Capital (www.whitehorsecapital.com), the direct lending affiliate of H.I.G. Capital, provided financing to support the acquisition of Universal Background Screening.

© 2019 Private Equity Professional | March 13, 2019

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