GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Cisive (the “Company”).
Cisive, headquartered in Holtsville, New York, is a leading background screening provider focused on providing high-value employee background screens and industry-specific data services to highly regulated, risk-sensitive industries. Cisive has long-term relationships with a diverse base of blue-chip enterprise clients across healthcare, financial services, transportation, and other regulated industries.
GTCR will partner with long-time CEO Jim Owens, who has led the company since 2008, and the current management team. As part of the transaction, GTCR expects to commit significant incremental equity to fund acquisitions and organic growth initiatives.
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