Sterling Infosystems, Inc., a New York-based provider of employment and background screening services, has received a “significant” equity investment from Calera Capital, a middle-market private equity firm.
Calera will be investing in Sterling through its fourth fund.
The company intends to use the capital infusion to support its organic and acquisitive growth plans.
Sterling provides a broad range of services, including employment and student screening, corporate due diligence and background investigation, occupational health, and employment-related business tax consulting. The company serves clients, which range from Fortune 500 firms to small and medium-sized businesses, across the United States and in 200 countries, territories and dependencies around the world.
Following the transaction, Mr. Greenblatt, founder and CEO, and Richard Seldon, President, will continue to lead Sterling. Paul Walsh, a Calera operating partner, will serve as chairman. Mark Williamson and Michael Moon of Calera will join Sterling’s Board.