Veritas Capital Acquires Kroll Government Services, Inc.
Former division of Kroll renamed KeyPoint Government Solutions, Inc.
KeyPoint is a leading provider of security-clearance background investigations and employment screening services to U.S. government agencies, also providing related investigative, monitoring and fraud prevention services helping such agencies ensure the integrity of these processes. KeyPoint’s highly qualified and experienced employees serve U.S., state and local government customers including the Office of Personnel Management, the Department of Homeland Security, the Transportation Security Administration, Customs and Border Protection, Immigration and Customs Enforcement, Citizenship and Immigration Services, the Department of Justice, the US Coast Guard, the Army National Guard and the
“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,” said Veritas Capital Founder and Chairman
“We welcome KeyPoint, the critical work it does, and its talented management team led by
Mr. Schlanger, who will continue to lead the firm as Chief Executive Officer, said, “We are very enthusiastic about the prospect of conducting business as a stand-alone operating company with the support of Veritas Capital, the preeminent private equity firm focused on the government services sector. Aligning with Veritas and its impressive portfolio of government services companies, resources and strategic guidance will provide KeyPoint an opportunity to further grow and diversify our business platform. There is an increasing U.S. Government need for investigative and fraud, waste and abuse prevention services; KeyPoint is extremely well positioned to provide the highly effective integrated solutions that protect the integrity of our clients’ most crucial processes.”
Veritas Capital’s McKeon concluded, “We are focused on growing KeyPoint organically — through new contract wins — as well as via acquisitions that fit KeyPoint’s core competencies with the overriding objective of further enhancing the quality of service that can be offered to KeyPoint’s government clients.”
The transaction was subject to Hart-Scott-Rodino review.
About KeyPoint Government Solutions
KeyPoint Government Solutions is a leading provider of security-clearance background investigations and employment screening services to U.S. government agencies such as the Office of Personnel Management and the Department of Homeland Security. KeyPoint also provides related investigative, monitoring and fraud prevention services helping such agencies ensure the integrity of their crucial processes. Founded in 2003 as a unit of Kroll, KeyPoint became a Veritas Capital portfolio company in 2009. The Company is based in
About Veritas Capital
Founded in 1992, Veritas Capital is the leading private equity firm focused on investing in companies that provide services and products to governments around the world. Veritas’ portfolio of companies, which generate annual revenues of approximately
SOURCE Veritas Capital