The parties successfully completed this $2.2 billion merger.
First Advantage and Sterling Check, companies that provide employment background screening and identity verification solutions to employers around the world, announced their plans to merge in February 2024. Prior to the announcement, counsel for First Advantage retained Kostis Hatzitaskos and Cornerstone Research to help analyze the competitive implications of the merger.
The Cornerstone Research team conducted competitive effects analyses and assisted in responding to agency inquiries and reporting requirements, including helping both First Advantage and Sterling Check in complying with the Department of Justice’s (DOJ’s) Second Request. Cornerstone Research ultimately helped both clients navigate the review process in front of three enforcement agencies: the DOJ, the Competition and Markets Authority (CMA) in the UK, and the Australian Competition and Consumer Commission (ACCC).
In October 2024, the parties successfully completed the merger.
Chicago
