Transaction overview
Alvarez & Marsal Capital (A&M Capital), a multi-strategy private equity firm based in Greenwich, Connecticut, acquired Asurint, an industry-leading provider of background screening solutions based in Cleveland, Ohio. The deal closed on December 15, 2025, with A&M Capital's investment strategy focused on middle-market control transactions in North America acquiring full ownership of Asurint from Guidepost Growth Equity.
Asurint was founded in 2005 by Gregg Gay and Connie Clore to offer comprehensive background screening services. The company uses advanced technology integrated with human insights to deliver rapid, compliant results for clients across various sectors including Employment, Tenant, and Government screening. With a strong focus on innovation and accuracy, Asurint is recognized for its people-first culture and compliance-first approach.
Deal structure and financing
The acquisition's financial details were not disclosed publicly. A&M Capital likely used equity from one of its investment strategies to fund the transaction, possibly leveraging moderate amounts of debt given the company’s solid revenue streams. Baird served as exclusive sell-side advisor to Asurint while Houlihan Lokey provided buy-side advisory services for A&M Capital.
Sidley Austin and Kirkland & Ellis acted respectively as legal advisors for Asurint and A&M Capital during the transaction process. Cooley LLP advised Guidepost Growth Equity, which sold its entire stake in Asurint to A&M Capital as part of the deal. No information on lock-up agreements or IPO options was publicly available.
Strategic context
A&M Capital's acquisition of Asurint aligns with their focus on technology-enabled services and human capital management. The firm aims to support Asurint’s next phase of strategic expansion by scaling its advanced screening technology, expanding service capabilities, and enhancing client experiences. For Asurint, the deal offers a partner committed to investing further in the company's proprietary technology and operational excellence.
Historically, background screening services have faced regulatory scrutiny due to data privacy concerns. Asurint’s compliance-first approach makes it an attractive target for A&M Capital looking to enter this sector with robust solutions. This acquisition also positions Asurint better against competitors by leveraging A&M Capital's expertise in scaling technology-driven businesses and managing complex regulations.
Regulatory path
The regulatory review process involved consultations with the Federal Trade Commission (FTC) and potentially state regulators due to data privacy concerns associated with background screening services. Given the nature of the business, there was a focus on ensuring compliance with federal and state-level consumer protection laws during the deal’s assessment phase.
As no remedies were publicly disclosed, it suggests that the transaction structure adhered closely to regulatory guidelines without requiring significant restructuring or divestitures. The timeline for review likely spanned several months leading up to the December 15 closure date, although specific dates of HSR filings and other regulatory milestones are not available in public records.
The deal underscores A&M Capital's strategic focus on acquiring companies that can benefit from operational improvements and technological enhancements while addressing growing compliance needs within regulated industries.