First Advantage, a Poway, CA-based global provider of technology-enabled outsourcing and analytic solutions for the human capital and legal markets, has been acquired by Symphony Technology Group (STG).
With the acquisition, whose financial terms remained undisclosed, First Advantage will operate as a portfolio company of the Symphony Technology Group. CEO Todd Mavis will continue to lead the company.
Tennenbaum Capital Partners provided all of the debt financing.
As stated by Bill Chisholm, Managing Director with Symphony Technology Group, a strategic private equity firm focused on investing in software and services companies, STG will closely partner with the First Advantage management team to continue to develop and deliver innovative products and services.
The company, which has offices throughout the United States and abroad, provides solutions including employment background screening, occupational health services, applicant tracking systems, recruiting solutions, skills and behavioral assessments, and business tax consulting services.
FinSMEs
10/01/2011