GTCR, a private equity firm, has bought Cisive, a background screening provider focused on providing high value employee background screens and industry specific data services. Cisive has long-term relationships with a diverse group of blue-chip enterprise clients.
In addition, Cisive has a broad range of differentiated vertical offerings including License Manager Pro, eRailSafe, DriverIQ, global sanctions checking and state arrest and dispositions records.
“Jim and the Cisive management team have built an exceptional business offering high value background screening products to employers operating in complex end markets,” said Aaron Cohen, GTCR managing director.
“Cisive’s dedication to delivering a strong customer and user experience, unique industry expertise, and high standards for accuracy and compliance creates a robust foundation for future growth.” added KJ McConnell, principal at GTCR.
J.P. Morgan served as financial advisor and Latham & Watkins LLP served as legal advisor to GTCR. Cisive was advised by Raymond James and Willkie Farr & Gallagher LLP.