First Advantage Acquires U.D. Registry Inc.

NU Online News Service, April 5, 3 :10 p.m. EDT?First Advantage Corp., a risk management services provider, announced its acquisition of U.D. Registry Inc., a provider of resident screening services. Terms were not disclosed.[@@]

First Advantage Corp., based in St. Petersburg, Fla., provides various risk management services, including employment background screening (criminal history, education verification and reference checks), occupational health (drug testing), tenant screening (credit history, eviction actions and rental payment history), and motor vehicle reports. The company booked $166.5 million in sales last year, with net income of $2.8 million.

Commenting on its purchase of U.D. Registry, which First Advantage said is its largest acquisition to date, company management said U.D. Registry's client base and proprietary landlord-tenant data will offer enhanced resources in the Western United States and also add to the company's existing resident-screening services.

Akshaya Mehta, First Advantage's chief operating officer and executive vice president, commented on the deal: "As we welcome U.D. Registry in the fold and continue integrating related subsidiaries in our enterprise-screening segment, we're strengthening our services in multifamily housing with our ability to offer the most comprehensive solutions available anywhere."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.