HireRight
| Company type | Private |
|---|---|
| Template:NYSE was | |
| Industry | Pre-employment screening |
| Founded | 1995 |
| Headquarters | Nashville, Tennessee, U.S. |
Key people | Guy Abramo |
| Services | Background check |
| Revenue | |
| Owners |
|
Number of employees | 3,190 (2023) |
| Website | hireright |
HireRight Holdings Corporation operates as an international provider of background screening services, with its main office located in Nashville, Tennessee. The company entered the public market in 2021 through an initial public offering on the New York Stock Exchange. In 2024, private equity investors General Atlantic and Stone Point Capital completed the acquisition of HireRight for $1.65 billion, finalizing the purchase on June 28, 2024.
Powerchex
HireRight expanded its presence in the UK by acquiring Powerchex on June 23, 2010. This London-based pre-employment screening firm specialized in serving the financial services industry within the City of London. Established in 2005 by entrepreneur Alexandra Kelly, Powerchex held full membership in the UK chapter of the National Association of Professional Background Screeners (NAPBS). By October 2010, Powerchex was integrated and rebranded under the HireRight name.
Both Powerchex and Kroll Background Screening continue to operate as wholly owned subsidiaries within HireRight’s corporate structure.
Kroll
On August 3, 2010, HireRight’s former parent company, Altegrity Risk International, completed an all-cash acquisition of Kroll Inc. from Marsh & McLennan Companies for $1.13 billion. Subsequently, in October 2010, Kroll Background Worldwide was rebranded as HireRight.
Later, on March 13, 2018, Duff & Phelps Corp. announced plans to acquire Kroll, Inc., excluding the background screening division which remained under the HireRight brand. The acquisition was closed on June 4, 2018.
General Information Services
On May 25, 2018, HireRight entered into a merger agreement with General Information Services (GIS), completing the transaction by July 12, 2018. This consolidation created the largest background screening provider in the United States and led both companies to adopt the HireRight brand identity.
J-Screen and PeopleCheck
Expanding its global reach further, HireRight acquired J-Screen in Japan and PeopleCheck in Australia on October 12, 2019. These acquisitions enhanced its international capabilities within the background screening sector.
Legal issues with service
HireRight has been involved in several class-action lawsuits and allegations of Fair Credit Reporting Act (FCRA) violations. In 2011, the company resolved claims by paying $28 million related to failures in delivering reports and addressing dispute resolutions. In August 2012, HireRight reached a settlement with the U.S. Department of Justice for $2.6 million concerning FCRA breaches.
Employers utilizing background screening services must adhere strictly to FCRA standards to prevent expensive legal consequences. Investigations uncovered lawsuits against trucking firms employing HireRight’s services due to inadequate hiring disclosures. Notably, clients U.S. Xpress and Swift settled for $2.75 million and $4.4 million respectively over non-compliance issues tied to background check notifications.
See also
- Background screening
- Criminal history verification
- Governance, risk, and compliance management
- Human capital management
- Talent acquisition
- Security vetting
- Employee vetting
External links
- Companies headquartered in Nashville, Tennessee
- American firms founded in 1995
- Business service providers established in 1995
- United States business service companies
- Private equity portfolio firms
- Initial public offerings in 2021
- Mergers and acquisitions in 2024
- Formerly listed on the New York Stock Exchange
- Privately owned Tennessee-based companies
- American companies established in 1995
- Companies of the United States by year of establishment