AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for senior credit facilities to support a recapitalization of Global RADAR (DBA Global HR Research or “Global HR”) and its acquisition of Employment Screening Services (ESS). AB-PCI leveraged its expertise in financing technology-enabled business services to efficiently deliver a flexible financing solution.
Global HR and ESS provide background screening and drug-testing solutions.
Global HR is based in Fort Myers, Florida, and was originally founded in 2005. ESS is based in Birmingham, Alabama, and was founded in 1994. The combined company serves more than 5,000 clients and delivers industry-leading technology solutions across key sectors, including healthcare, transportation, energy, education, manufacturing, restaurants, and staffing.
Global HR is owned by Renovo Capital, a Texas-based private equity investment firm that invests in lower middle market specialty manufacturing and business services companies. Since its founding in 2009, Renovo has raised over $400 million in committed capital and completed more than 25 transactions.
