HireRight
Template:Short description Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
HireRight Holdings Corporation is a global family of background screening companies based in Nashville, Tennessee. The company became public via an initial public offering in 2021 with a listing on the New York Stock Exchange.[1][2] In 2024, private equity firms General Atlantic and Stone Point Capital agreed to acquire the company for $1.65 billion.[3][4] The transaction closed on June 28, 2024.[5]
Acquisitions and mergers
Powerchex
On June 23, 2010, HireRight announced that it had acquired Powerchex, a UK-based pre-employment screening company specialising in the financial services sector in the City of London.[6] Powerchex was a full member of the UK chapter of the National Association of Professional Background Screeners or NAPBS,[7] and was started by Alexandra Kelly in 2005 who is the former managing director and owner of the company.
In October 2010, Powerchex was rebranded as HireRight.[8]
Both Powerchex and Kroll Background Screening (below) are now fully owned subsidiaries of HireRight.
Kroll
On August 3, 2010, HireRight then-parent company Altegrity Risk International announced it had completed the acquisition of Kroll Inc. from Marsh & McLennan Companies in an all-cash transaction valued at US$1.13 billion. In October 2010, Kroll Background Worldwide was rebranded as HireRight.[8]
On March 13, 2018, it was reported that Duff & Phelps Corp. would buy Kroll, Inc. (which did not include background screening portion of the former Kroll business that had been rebranded with HireRight brands).[9] On June 4, 2018, the transaction was completed.[10][11]
General Information Services
On Friday, May 25, 2018, HireRight and General Information Services (GIS) announced their intent and agreement to a merger.[12] The companies announced the closing of the merger on July 12, 2018.[13] The resulting combined group is the largest provider of background screening services in the United States. Following the merger, HireRight rebranded, with both HireRight and GIS using the new branding.[14]
J-Screen and PeopleCheck
On October 12, 2019, HireRight announced the acquisition of J-Screen in Japan and PeopleCheck in Australia.[15]
Legal issues with service
HireRight was the subject of a number of class-action and Fair Credit Reporting Act (FCRA) lawsuits.[16][17] In 2011 the company paid $28 million to plaintiffs who accused HireRight of failing to provide copies of reports to job applicants and failing to resolve disputes.[16] And on August 8, 2012, the US Department of Justice announced HireRight settled charges of violating the FCRA for $2.6M.[16][18]
Companies that use background check services must follow FCRA procedures or face class-action liability with millions of dollars in exposure.[19] According to a Wall Street Journal investigation into hiring practices in the trucking industry, class-action lawsuits were brought against trucking companies over how they use HireRight.[16][20] HireRight customer U.S. Xpress settled in 2013 for $2.75M, and Swift in 2014 for $4.4M over their failure to disclose hiring practices.[21][22][23][24]
See also
- Background check
- Criminal record check
- Governance, risk management, and compliance
- Human resources
- Recruitment
- Security clearance
- Vetting
References
<templatestyles src="Reflist/styles.css" />
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ HireRight Announces Completion of Acquisition by General Atlantic and Stone Point Capital
- ↑ Script error: No such module "citation/CS1".
- ↑ Powerchex Joins the National Association of professional background Screeners
- ↑ a b Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ a b c d Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
- Script error: No such module "Official website".Script error: No such module "Check for unknown parameters".
Template:Finance links historical
Template:Nashville companies Script error: No such module "Authority control".
- Pages with script errors
- Companies based in Nashville, Tennessee
- American companies established in 1995
- Business services companies established in 1995
- Business services companies of the United States
- Private equity portfolio companies
- 2021 initial public offerings
- 2024 mergers and acquisitions
- Companies formerly listed on the New York Stock Exchange
- Privately held companies based in Tennessee