Renovo Capital buys GHRR

Renovo Capital has acquired Fort Myers, Florida-based Global HR Research Inc, a provider of employee background screening and onboarding solutions. The seller was Patriot National Inc. No financial terms were disclosed.

PRESS RELEASE

April 4, 2017 (Dallas, Texas) – Renovo Capital, LLC, a Dallas-based special situations private equity firm, is pleased to announce the acquisition of Global HR Research, Inc. (GHRR) from Patriot National, Inc. (NYSE: PN). The investment furthers Renovo’s focus in the technology-enabled business services sector alongside its existing investments in ATTOM Data Solutions and Dimont & Associates.

Founded in 2005, Fort Myers, Florida-based GHRR is a provider of pre-hire intelligence and employee onboarding solutions. In partnership with Founder and CEO Brandon Phillips, Renovo Capital’s investment enables GHRR to continue its impressive growth while also furthering development of its innovative technology and data solutions in human capital management.

“We are excited to partner with Brandon and his team in a dynamic data-driven industry. GHRR’s relentless focus on accuracy and customer service provide a strong foundation for growth and innovation.” said David Hull, Managing Partner at Renovo Capital.

About Global HR Research
Serving small businesses to Fortune 500 companies across the country, Global HR Research – which has been recognized for the past seven years in HRO Today Magazine’s “Bakers Dozen” List of top national background screening providers and by Workforce Magazine’s “Hot List” of top background screening providers for five of the past six years – is accredited by the National Association of Professional Background Screeners (NAPBS) as recognized by the Background Screening Credentialing Council (BSCC). Learn more at ghrr.com.

About Renovo
Renovo Capital, LLC (renovocapital.com) is a special situations private equity fund, currently investing out of Renovo Capital Fund II, LP, a $132 million committed capital fund. Renovo is focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo’s principals and extensive network of operating professionals have decades of experience delivering unique capital solutions and operational and strategic leadership to help solve complex situations and drive long term business value creation. Renovo Capital has offices in Dallas and Denver.