Sterling Check Corp. acquired by First Advantage for $2.2B in cash and stock

Atlanta-headquartered First Advantage Corporation, which provides employment background screening, is acquiring biometric identity verification firm Sterling Check Corp. for a combination of $1.2 billion in cash and 27.15 million shares of First Advantage stock, for a total value of approximately $2.2 billion, according to a news release.

First Advantage entered into a definitive purchase agreement to acquire the Portland-based digital identity provider, which includes covering Sterling’s outstanding debt. The goal is to merge the two companies’ complementary technologies to …

acquiring acquisitions atlanta background checks biometric biometric identity biometrics biometrics news cash check employment identity identity verification release sterling sterling check stock trade notes value verification