SNH Capital Partners Announces the Acquisition of OPENonline
Aug 4, 2020
SNH Capital Partners (“SNH”) is pleased to announce the acquisition of Ohio-based OPENonline, a leading provider of employment background checks and investigative services. OPENonline will join SNH’s other portfolio companies in the background screening space and will operate under the Universal Background Screening brand.
OPENonline is an accredited, leading provider of national and international background screening solutions. The company offers a broad range of employment, drug screening and investigative services, including SelectHire® and I-9 Manager. OPENonline is one of the select group of companies accredited by the National Association of Professional Background Screeners Credentialing Council for compliance with the Background Screening Agency Accreditation Program.
“We are excited to have OpenOnline join Universal. The synergy was obvious - both companies are deeply committed to providing an outstanding experience for our customers,” said Dan Filby, CEO of Universal. “Both companies are members of the select 6% of background screening providers that are PBSA-accredited and both share a culture of delighting our customers.”
Having now closed on its fourth acquisition in the background screening industry, this merger represents the next phase of Universal's 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 producing a better candidate experience and helps recruiters move candidates through the hiring process more quickly.
“The combination of OPENonline and Universal joins two brands with a focus on compliance and a commitment to high-touch customer service. OPENonline's caliber of service is demonstrated in the length and quality of their customer relationships and we are excited to continue the legacy that their founders have built,” said Ramya Varma, Vice President 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/.
Related Links
SNH Capital Partners website
Press Release Service by Newswire.com
Original Source: SNH Capital Partners Announces the Acquisition of OPENonline
More News
Sri Lanka Convicts 15 in Easter 2019 Bomb Attacks
A court found 15 men guilty of coordinating a series of suicide bombings in hotels and churches, which killed more than 300 people.
Japan Meets With Trump, Hoping to Get His Help on China
Japan’s prime minister met with President Trump to discuss China’s economic and security pressure while also seeking to de-escalate tensions with Beijing.
Putin Reignited a Dispute With Japan. This Town Is Stuck in the Middle.
The fishing town of Nemuro depends on Russia for trade. But it’s also leading a fight to win back islands seized by Moscow in World War II.
3 Ts Will Dominate the Trump-Xi Summit
Expect little movement on trade, less on Taiwan, and who knows on tech.
A Debate Is Raging in China Over English Education
Rising youth unemployment, the advent of AI translation, and growing anger against everything foreign are fueling public anger against English education in China.
America’s AI Safety Dilemma and the Trump-Xi Summit
Washington will not slow its own AI labs. Slowing China’s instead would look like safety policy, but it could cost the United States the one AI deal within reach this week.
China’s Hygon moves beyond data centres with embedded processors for robotics, edge AI
Chinese chipmaker Hygon Information Technology on Tuesday launched a suite of central processing units (CPUs) for robotics and industrial edge devices, expanding beyond cloud computing and into the fast-growing market for physical artificial intelligence. The firm unveiled its Hygon 1000 series processors, designed to be embedded into physical devices in industrial automation systems such as robotics and factory controllers, enabling computing and graphics processing to be handled locally. Built...
SCO, BRICS, Trump-Xi: What Does the Spate of Summits Mean for India?
This year’s summit season reveals conflicting visions of global order (and India’s place in it).
China’s Leader Xi Seeks to Extend Truce with Trump During U.S. Summit
Facing an American president constrained by war and politics, China’s leader may seek to lock in a tactical truce while he shores up a fragile economy at home.
The Transitions Shaping Australia’s Future
In its latest Intergenerational Report, the Australian Treasury lays out five transitions shaping the coming decades.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.