Irvine-based Accurate Background, which calls itself the largest privately owned provider of compliant background checks, drug and health screening, said it’s closed the acquisition of Vero Screening Ltd. the UK’s largest independent employment screening provider.
Accurate said the acquisition continues its global expansion strategy by deepening its European market footprint and expanding its compliance-driven and service-focused employment screening solutions. Vero will continue to operate under its own brand led by co-founder and Chief Executive Rupert Emson, who will join Accurate’s executive leadership team, reporting to CEO Tim Dowd.
“With the addition of Vero Screening, Accurate continues our global expansion to meet the needs of global multinational organizations as they quickly onboard talent and manage risk with industry-leading screening and monitoring services,” Accurate CEO Dowd said in a statement.
Financial terms of the transaction were not disclosed. Latham & Watkins LLP served as legal advisor to Accurate and finnCap Cavendish served as financial advisor to Vero, and Freeths LLP, its legal advisor.
