ALPHARETTA, Ga., Dec. 1, 2021 /PRNewswire-PRWeb/ -- ClearStar,
Inc. ("ClearStar"), a leading provider of Human Capital Integrity℠
technology-based services, specializing in background and medical
screening, is pleased to announce it has acquired Employment
Screening Resources (ESR), a highly respected background screening
firm. This transaction is ClearStar's second acquisition in the
past 120 days and is part of an ongoing growth strategy geared
towards acquiring and integrating best-in-class capabilities to
deliver high-quality, cutting-edge services for new and existing
"Orchestrating acquisitions which carefully align with our
strategy, exceptionally high service standards, and core values is
an integral part of our growth plan. ESR, like ClearStar, has
demonstrated a dedication to industry innovation, service
excellence, and strict compliance. Both companies are founding
members of the NAPBS (now the PBSA) and have partnered to
strengthen our industry. This partnership comes full-circle today."
said Chad Parodi, Chief Executive
Officer of ClearStar.
With ESR's base of operations on the West Coast, this
acquisition will strengthen ClearStar's ability to operate
coast-to-coast, expanding its capacity to continue to deliver
high-quality customer service across all 50 states and beyond. Both
companies have a very loyal customer base that will benefit from
combining ESR's strengths in areas such as real-time compliance
with ClearStar's strengths in areas like candidate-friendly mobile
solutions. The opportunities to integrate and cross-sell seamless,
easy-to-use, next-generation solutions, reflecting the best of both
companies, will be a catalyst for growth and a driver of future
Les Rosen, ESR's founder and CEO,
and an industry pioneer commented, "I am absolutely delighted that
ESR is joining the ClearStar family. I have collaborated with
ClearStar for the past two decades and I am confident that this
merger will create immense value for our customers. ESR's service
excellence and ClearStar's innovative and scalable technology
platform will enable the combined company to deliver unique service
offerings to customers."
ClearStar's leadership team, and the company's owners, Hanover
Investors, view this acquisition as one more step on the journey to
scale the business and establish ClearStar as the undisputed
solution and service leader, raising the performance bar for the
John Woodard, ClearStar's
Chairman and Senior Partner of Hanover Investors commented, "This
acquisition of ESR represents another piece of the ClearStar
strategy falling into place as we look to catalyze growth and
enhance the company's value."
Mintz served as legal advisor to ClearStar for the transaction
and ESR was represented in the sale process by Cherie Smith Homa and received legal advice from
Miles & Stockbridge.
ClearStar, Inc., a Hanover Investors portfolio company, is a
leading provider of Human Capital Integrity™ technology-based
services specializing in background and medical screening. It
provides employment intelligence directly to employers and via
channel partners/consumer reporting agencies ("CRAs") to support
better recruitment and other employee-related decisions by
increasing information quality, reliability, and visibility.
A seven-time Inc. 5000 honoree and founding member of the
Professional Background Screening Association, ClearStar has
provided innovative technology solutions to businesses in the human
capital management industry from its corporate offices in
Alpharetta, Georgia, since 1995.
For more information about ClearStar, please visit
For press inquiries, please contact:
Angela Kimbell, Vice President
Marketing at firstname.lastname@example.org or (678) 597-9371
Nicolas Dufour, General Counsel at
email@example.com or (678) 999-8048
Hanover Investors, a specialist investor headquartered in the
UK, operates companies with activities across the globe.
Hanover combines analytical rigor
and flexibility in execution to create a repeatable model of
successful investment selection. A deep understanding of a
company's operational and strategic context is at the center of the
firm's investment process, refined over decades of hands-on
management of small to mid-size organizations.
Hanover focuses on an
investment's main levers of value creation, providing its portfolio
with access to proven "playbooks" and a Hanover bench of specialists. This approach
has delivered a market-leading record of returns for over 20 years.
For more information visit http://www.hanoverinvestors.com
For press inquiries, please contact:
Rishi Bhattacharya at
firstname.lastname@example.org or +44 (0) 7767654070
Angela Kimbell, ClearStar, (678)