First Advantage completes $2.2 billion acquisition of Sterling Check to enhance services and global reach

First Advantage Corporation has completed its acquisition of Sterling Check Corp. for $2.2 billion, including Sterling's debt. This deal enhances First Advantage's background screening and verification services, expanding its global reach and product offerings. The acquisition aims to improve customer experience and increase investment in technology, particularly in artificial intelligence and digital identification. The combined company will have a projected revenue of about $1.5 billion. First Advantage plans to integrate both companies' cultures and operations while focusing on delivering innovative solutions. The company will discuss further details during its upcoming earnings call on November 12, 2024.