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MERGERS & ACQUISITIONS
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Irvine-based HireRight acquires Powerchex Limited

Firm expects the London-based company to boost its international offerings.

By Kristen SchottPublished: June 23, 2010 10:54 AM

Irvine-based HireRight has acquired London-based Powerchex Limited, a pre-employment screening company, for an undisclosed amount.

HireRight, a provider of on-demand employment background checks and drug-testing services, expects the deal to boost its offerings in the European market, according to Mike Petrullo, president and CEO of the local firm.

"Powerchex's commitment to service, expertise and innovation is shared by HireRight, and the cultures of the two businesses align well in terms of vision, values and strategy," he said.

Founded in 2005, Powerchex specializes in the financial-services sector and provides employment information to support businesses seeking new hires. Alexandra Kelly, the firm's managing director and founder, will report to Petrullo and continue to run Powerchex from its European headquarters.

“We have had a strong business relationship with HireRight for the past few years,” said Kelly. “We are looking forward to being a part of the HireRight family and taking advantage of an expanded global footprint, solution offering and capabilities in order to provide more options and additional benefits to our customers."

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