ClearStar Acquires Employment Screening Resources to Secure Its Presence as a Leading National CRA

• This transaction is ClearStar’s second acquisition in the past 120 days.

ClearStar, Inc., 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 customers.

“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.

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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 synergies.

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.”

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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 industry.

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.

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