First Advantage Corporation
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First Advantage Corporation - overview
Established
2003
Location
Atlanta, GA, US
Primary Industry
Outsourcing
About
Based in Georgia, US, and founded in 2003, First Advantage Corporation. a. k. a.
First Advantage operates as a developer and provider of a background check platform. In May 2020, Silver Lake acquired the company from Symphony Technology Group. In June 2021, the firm went public on the Nasdaq Global Select Market under the ticker symbol FA, and in November 2021, First Advantage Corporation raised USD 300 million in its latest public offering, selling 15 million shares at USD 20 per share. As of 2021, Scott Staples is the CEO of the company, and it employs 5,100 employees across 16 countries.
First Advantage Corporation provides background screening software suites that include criminal background checks, drug and alcohol testing, health screening, education, and employment verifications, social media tracking, driver compliance, analytics and reporting, executive screening, fingerprinting, and investigative research, as well as resident screening services. The company's technology is mostly used by multinational corporations and fast-growing businesses for employee pre-onboarding, as well as by various housing providers for tenant screening, allowing them to make risk-free decisions and remain compliant. In the three months ended September 2021, First Advantage Corporation generated revenue of USD 192. 9 million, and in the year ended December 2020, it generated revenue of USD 509 million.
Current Investors
Silver Lake
Primary Industry
Outsourcing
Sub Industries
Human Resources Services, Analytics & Performance Software, Application Integration Software, HR & Workforce Software, Monitoring & Security Software
Website
www.fadv.com
Verticals
Research (Non-Medical)
Company Stage
Mature
Total Amount Raised
Subscriber access only
First Advantage Corporation - financials
| Fiscal Year Ended | Nov 25, 2019 | Nov 25, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 712,295,000 | 810,023,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - |
| EBITDA (USD) | 125,000,000 | - | 212,574,000 | 234,328,000 | - | - | - |
| Operating Income (USD) | - | - | 63,823,000 | 94,278,000 | - | - | - |
| Operating Margin | - | - | 9.0% | 11.6% | - | - | - |
| % EBITDA Margin | - | - | 29.8% | 28.9% | - | - | - |
| NET Income (USD) | - | - | 16,051,000 | 64,604,000 | - | - | - |
| % Net Margin | - | - | 2.3% | 8.0% | - | - | - |
First Advantage Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Sterling Talent Solutions | - | ||||||||
| Add-on, Trade Sale | Completed | Infinite ID LLC | - | ||||||||
| Add-on | Completed | Form I-9 Compliance, LLC | - | ||||||||
| Private Placement/Follow on | Completed | First Advantage Corporation | - | ||||||||
| Add-on | Announced | Corporate Screening Services, Inc. | - |
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