Universal Background Screening, Inc.
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Universal Background Screening, Inc. - overview
Established
1972
Location
Scottsdale, AZ, US
Primary Industry
Outsourcing
About
Universal Background Screening, Inc. specializes in providing comprehensive background checks and employment verification solutions for organizations of all sizes, ensuring compliance and safety in hiring processes. Founded in 1972 and headquartered in Scottsdale, US, Universal Background Screening, Inc. offers background screening services.
The company has not reported any significant changes in its business strategy or operations. Kevin Olson is the company's CEO. In March 2019, SNH Capital Partners acquired Universal Background Screening, Inc. Financial terms of the deal were not disclosed.
Universal Background Screening provides a comprehensive suite of services designed to meet the diverse needs of organizations requiring background checks and employment verification solutions. Their core offerings include thorough background screening services that encompass criminal record checks (county, state, and federal levels), employment verification, education verification, and driving record checks. Additionally, they provide drug and alcohol testing services, including pre-employment, post-accident, and ongoing testing protocols, as well as management of physical examinations for compliance with federal regulations. Their client base ranges from small businesses to large national enterprises, serving a wide array of industries including healthcare, financial services, retail, and transportation across various geographical markets, including the United States and international locations.
Universal Background Screening generates revenue primarily through transactional arrangements with clients, including B2B partnerships with organizations that require background screening services. Their business model is structured around service fees for individual screenings and bundled packages that include a combination of background checks, drug testing, and verification services. These services are offered through various pricing plans tailored to the client's needs, allowing employers to select the level of scrutiny for potential hires. The transactions typically involve clients utilizing the company's user-friendly web-based platform to submit screening requests, which are then processed efficiently, ensuring timely results and compliance with regulatory standards.
In March 2019, following their acquisition, Universal Background Screening plans to expand its product offerings and enhance its service capabilities. Specific new products are under design, but release dates have not been disclosed. The company is also looking to expand into international markets, with plans aimed for completion by the end of 2023, although exact locations have not been specified. The recent acquisition is expected to provide the necessary capital to support these growth initiatives.
Current Investors
SNH Capital Partners
Primary Industry
Outsourcing
Sub Industries
Human Resources Services, Recruitment/Executive Search
Website
www.universalbackground.com
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Universal Background Screening, Inc. - 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 | Completed | OPENonline, LLC | - | ||||||||
| Merger | Completed | Trackers, Inc. | - | ||||||||
| Buyout | Completed | Universal Background Screening, Inc. | - |
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