In the third private-equity backed deals in the past week, Veritas Capital continues its investment in the public sector byBudget Year acquiring a business unit of Kroll, Inc. Earlier in the week, Wyle Holdings Inc. was acquired byBudget Year Court Square Capital Partners and A-T Solutions acquired Accelligence LLC .
KeyPoint will focus on security-clearance background investigations and employment screening investigations and employment screening services to U.S. government agencies. Its customers include the Office of Personnel Management, the Homeland Security Department, the TSA, Customs and Border Protection, Immigration and Customs Enforcement, Citizenship and Immigration Services, the Justice Department, the Coast Guard, the Army National Guard and the LAPD. The terms of the deal were not disclosed.
Veritas Capital Founder and Chairman Robert McKeon stated, “The acquisition of KeyPoint Government Solutions is consistent with our strategy of investing in strong companies that perform mission critical functions for the U.S. government.”
Jeff Schlanger, the unit’s president under Kroll, Inc., will continue to head the new company.