LOS ANGELES – (BUSINESS WIRE) – Nov. December 2021–
Gallant Capital Partners (“Gallant”), a Los Angeles-based investment firm, announced that it has made a strategic growth investment in SJV Data Solutions (“SJV”) and Wholesale Screening Solutions (“WSS”) to become a leading independent provider of personal data for the background screening industry.
SJV and WSS use proprietary technology and intelligent automation to provide business-critical data and services, including criminal records and court research, resume review, medical compliance, international background review and continuous monitoring for consumer credit reporting agencies (CRAs) and other employment and tenant background screening companies. Gallant’s investment was made in partnership with SJV Founder and Chief Executive Officer Scott Vanek, WSS Founder and President Matt Lowers, and other vendors and management staff who will jointly remain significant owners of the combined company. The new company will be renamed to Mr. Vanek and Mr. Lowers, who will serve as CEO and President of the combined company, respectively.
“There are no two better brands in the background screening supply chain,” said Jon Gimbel, partner at Gallant. “We believe that the combination of SJV and WSS offers a tremendous opportunity to bring together world-class solutions that meet the growing global need for secure, complete personal data.” Anthony Guagliano, Partner at Gallant, added, “We’re delighted me to work with Scott, Matt, and the entire SJV and WSS organizations to further accelerate innovation, new product development, and data collection while maximizing scale and efficiency for customers. “
“SJV and WSS have long admired each other and each team will bring different and complementary strengths of business processes and technologies to our customers and partners,” said Vanek. “Our customers will benefit from our shared vision of inspiring customers and providing the background screening industry with the necessary personal data. This will enable them to make better informed business and risk management decisions through accelerated innovation and product offerings, world-class technology, and a nationwide network pioneering the optimization of quality and efficiency. “
“This monumental development for WSS and SJV will help our customers access personal data faster, more accurately and in more regions than ever before,” said Mr. Lowers. “Our combined companies offer an impressive model that enables rating agencies to capitalize on direct source data, whether through automation or conventional research. Our customers will benefit from the power of our combined technology teams focused on a single vision for the future of people data solutions and a significantly expanded presence of direct source data. ”
Stifel advised on the sale of SJV. Baker Tilly Capital, LLC advised Lowers Risk Group, LLC on the sale of WSS.
About Gallant Capital Partners:
Gallant Capital Partners is a private equity firm that makes control investments in technology, business services, and industrial companies. Gallant pursues an operationally focused investment strategy with a focus on close partnerships with companies that can benefit from its extensive industry relationships and operational know-how. The company works with owners, founders, family businesses and management teams to maximize value and long-term sustainable growth for portfolio companies. Gallant Capital Partners was founded in 2018 and is headquartered in Los Angeles. Further information is available at: www.gallantcapital.com
About SJV Data Solutions:
Founded in 1998, SJV Data Solutions is revolutionizing the way CRAs help companies make decisions about hiring and maintaining their most valuable asset: employees. Today, SJV is a leader in the background screening data innovation industry, leveraging its proprietary technology to produce employment screening services and increase efficiency, integrity and insight for CRAs. SJV’s six targeted data solutions – SJV Connect, Criminal Record Data, Resume Verification, Medical Compliance, International Data, and Continuous Criminal Monitoring – offer the most comprehensive screening profile and empower businesses through integrations with proprietary and third-party background screening platforms. The entire SJV team is committed to creating the best products and making the world a more informed place. More information is available at: www.sjvdata.com
About screening solutions in wholesale:
Established in 2007, Wholesale Screening Solutions is one of the largest public record research providers in the United States, with a primary focus on criminal records. We use a proven, process-driven approach that implements rigorous quality control practices and leverages them in a combination of our intelligent automation software, an agile team of data analysts and local researchers on site. This allows WSS to pull records directly from the authoritative source, be it a court of law or a public portal, ensuring that we are delivering to our customers the end-to-end quality, punctuality and accuracy they can rely on to move forward and stay ahead. More information is available at: www.wholesalescreening.com
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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY HUMAN RESOURCES FINANCE CONSULTING BANKS PROFESSIONAL SERVICES SOFTWARE DATA MANAGEMENT OTHER PROFESSIONAL SERVICES
SOURCE: Gallant Capital Partners
Copyright Business Wire 2021.
PUB: 02.12.2021 09:30 am / DISC: 02.12.2021 09:32 am
Copyright Business Wire 2021.