AUSTIN, Texas, July 14, 2022 (Newswire.com) - SNH Capital Partners ("SNH") is pleased to announce the acquisition of North Dakota-based Global Safety Network ("GSN"), a leading provider of corporate risk mitigation services. GSN offers a broad range of employment, drug screening and investigative services, including Electronic I-9 and E-Verify Management services, as well as a Product Store featuring discounted items supporting a safe and drug-free workplace. GSN will join SNH's other portfolio companies in the background screening space and will operate under the Universal Background Screening ("Universal") brand.
"We are excited to have GSN join Universal as it expands our geographic reach and enhances our service offerings. Furthermore, GSN embodies Universal's committed focus on providing an outstanding customer experience," said Kevin Olson, CEO of Universal.
Having now closed on its fifth acquisition in the background screening industry, Universal is well-positioned to continue its development as a market leader. SNH will continue to bring operational, financial and strategic expertise in the sector to support the combined platform's product innovation and expansion strategy going forward. The integration furthers Universal's commitment to providing a better candidate experience and helps recruiters move candidates through the hiring process more quickly.
"GSN's strategic position and offerings combine well with the Universal platform and we view this as a great addition to continue Universal's growth," said Aditya Dabas, Principal at SNH Capital Partners. "We look forward to continuing to partner with high-quality, founder-led businesses to build an industry-leading organization that delivers value through customer-centricity and technological innovation."
About SNH Capital Partners
SNH Capital Partners is a U.S.-based, private investment firm focused on investing in the middle market. SNH's long-dated hold strategy allows the firm to support leadership teams over time, develop active strategic presence in each of its key industries, and grow platforms across target sectors. By generating annual earnings growth through operational excellence and optimal capital redeployment, SNH's portfolio companies continue to scale, both organically and strategically, supported by top-tier performance of SNH as benchmarked against private equity returns. For more information, please visit www.snhcapitalpartners.com.
About Universal Background Screening
Universal Background Screening is an industry-leading provider of employment background screening solutions including employment background checks, drug testing, physical exams, and compliance management solutions. Universal's services help clients enhance workplace security, reduce liability, improve stability, and increase productivity and cost savings in their candidate selection and hiring process. For more information, please visit https://universalbackground.com/.
Source: SNH Capital Partners