Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Certn, a leader in background screening solutions, in its acquisition of Credence, a provider of pre-employment background verification services.
Certn, based in British Columbia, Canada, delivers fast and comprehensive background screening services that help businesses make fact-based hiring decisions, lower hiring costs, and improve the user experience for applicants and recruiters. By helping businesses look to hire the right candidates, Certn helps to modernize the background check process with AI and machine learning technologies that streamline the screening process.
Facing multiple growth opportunities, Certn, through Cascadia Capital, sought to partner with a well-established screening company with a strong focus on quality and product compliance. Credence was identified as an ideal partner within the screening business that had high customer loyalty and strong international brands. Certn will realize opportunities for revenue growth through Credence’s existing customers, as well as margin expansion through automation of existing processes, UX enhancement, and a global service offering.
“The acquisition combines Certn’s technology, speed and user experience with Credence’s reliable and quality offering in bringing Certn’s solutions into new geographies such as Europe, Asia and Africa (EMEA)” said Teague Collins, Managing Director at Cascadia Capital.
For more information about this transaction, please contact the Cascadia Capital deal team: