In February, the employment background screening and verification SaaS company First Advantage acquired Sterling Check for $1.5 billion, aiming to expand its portfolio and customer base, thereby enhancing its market position and fostering long-term growth.
In November IT consulting services for businesses and public sector company Guidehouse was acquired by private equity firm Bain Capital for $5.3B.
In August 2023, GTCR acquired the commercial fire and security segment of ADT company for $1.6B.
In March, the Engineering Solutions Business of S&P Global was acquired by KKR for almost $1B.
Earlier this month SK Shieldus, based in South Korea, was bought by Swedish PE firm EQT for $1.5B at 1.6 times revenue.
The largest megadeal this quarter was the acquisition of outsourced customer care and payments BPO services provider from France, Webhelp, by Concentrix Corporation for $4.8B.
The largest megadeal so far this year was the acquisition of colocation datacenter provider Switch by Digital Bridge for $8.4B at 17.6x revenue.
ManTech International was taken private by Carlyle Group for $3.9B at 1.7x revenue.
In August, transaction processing and integration services firm Computer Services was acquired by Bridgeport and Centerbridge for $1.6B at 4.7x revenue.
In February, Telus acquired outsourced employee benefits plan consulting company Lifeworks for $1.7B. Telus will combine LifeWorks with its Telus Health unit that connects patients with physicians virtually through its mobile apps such as Akira and Babylon.
