AccuSourceHR has acquired Five Diamond Screening to enhance its employment screening services in the hospitality and leisure markets, aiming to leverage their expertise and established client relationships for future growth.
Information on the Target
Five Diamond Screening, based in Las Vegas, Nevada, specializes in employment screening solutions, providing tailored background checks, drug screening, employment verification, and occupational health services. Recognized for its strong client-centric approach and concierge-level support, the company primarily serves the hospitality and leisure industries, establishing a reputation for delivering reliable and rapid screening services. With a commitment to innovation and client satisfaction, Five Diamond has cultivated long-standing relationships with its clientele.
Industry Overview in the United States
The employment screening industry in the United States is currently experiencing significant growth, fueled by increased regulatory scrutiny and a heightened focus on workplace safety and employee integrity. Companies across multiple sectors are seeking effective screening solutions to mitigate risks associated with hiring and personnel management. In particular, the hospitality and leisure sectors, which have been recovering robustly post-pandemic, exhibit a growing demand for comprehensive background checks to ensure trust and safety in customer-facing roles.
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Moreover, the tech-enabled HR services market is evolving, with companies increasingly adopting automated and scalable solutions to streamline their HR processes. Innovations in artificial intelligence and data analytics are al
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AccuSourceHR, Inc.
invested in
Five Diamond Screening
in 2023
in a Buy & Build / Roll-Up deal