The parent company of Irvine-based employment screening firm HireRight Inc. has filed for bankruptcy protection.
Falls Church, Va.-based information services firm Altegrity Inc. said it has “voluntarily filed for a pre-negotiated reorganization” under Chapter 11 of the U.S. Bankruptcy Code.
The company operates through the HireRight and Kroll Inc. brands. It had also operated US Investigations Services LLC as a portfolio company until it lost a couple of “substantial contracts” with the U.S. government, and subsequently sold USIS’ Global Security and Solutions business unit to Arlington, Va.-based global mission services organization PAE.
Altegrity said operations at HireRight and Kroll “will continue without interruption throughout the [reorganization] process.”
HireRight was acquired by US Investigations Services in 2008 for $195 million and was reported on the sales block in 2013 for about $1 billion.
Altegrity is owned by Providence, R.I.-based private equity firm Providence Equity Partners LLC.
