This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions
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Veracity Research Company, a professional investigative service firm, has acquired Probe Information Services, a provider of surveillance, background, field investigations and SIU fraud abatement and compliance services. No financial terms were disclosed. VRC is portfolio company of Trinity Hunt Partners.
Veracity Research Company (VRC), a professional investigative service firm specializing in all aspects of insurance defense investigations and portfolio company of Trinity Hunt Partners, today announced the acquisition of Probe Information Services (Probe).
Founded in 1992, Probe is one of the Western region’s most well established and recognized firms providing surveillance, background, field investigations and SIU fraud abatement and compliance services. This strategic addition emphasizes and enhances VRC’s growing footprint in the Western U.S.
“We are excited to welcome the Probe team to our rapidly expanding platform,” said Marcus Doyle, CEO of VRC. “VRC looks forward to introducing Probe’s clientele to our national capabilities and
pleased to continue to grow our presence in the broader Western U.S. region.”
“I am honored to stay invested and to partner with VRC to enhance the support and growth of our clients and employees while always remaining focused on our collective strengths of leading our investigative industry,” said Ross Stewart, President of Probe.
Dalene Bartholomew, Vice President of Probe, added, “Through this combination, Probe will expand its footprint and enjoy the benefits of serving as a part of a premier national firm, while providing the same best-in-class client experience upon which Probe was founded. Now our clients can enjoy an even more robust service platform for all of their investigative needs.”
The executive management team of Probe, including Stewart and Bartholomew, will remain with the business going forward.
According to Pete Stein, Managing Partner of Trinity Hunt, “The addition of Probe to the VRC platform is an important continuation of our strategic acquisition plan. We look forward to working with the leadership teams as we accelerate our growth plans both organically and through future add-on acquisitions.”
About Veracity Research Company
Veracity Research Company is a full-service provider of outsourced professional investigative services. Specializing in all aspects of insurance and corporate defense investigations including full-service SIU (Special Investigation Unit), surveillance, social media checks, hospital canvass, compliance, claims investigations, training and consultations. Celebrating over 23 years of industry leadership, VRC is dedicated to providing the highest level of customer service and value in the investigative services industry nationwide. To learn more about Veracity Research Company, visit www.vrcinvestigations.com.
About Probe Information Services
Probe is a full-service investigation firm providing surveillance, field investigations, database services, vendor coordination, and Special Investigation Unit (SIU) fraud analysis, compliance, and training to the insurance industry’s self-insured entities, carriers, and third-party administrators. Established in 1992, the company has grown over the years to become one of the most successful SIU, fraud compliance, vendor coordinators and investigative providers in the country. For additional information on Probe, visit www.probeinfo.com
About Trinity Hunt Partners
Based in Dallas, Trinity Hunt Partners is a middle-market private equity firm with approximately $775 million under management, focused on building founder and family-owned growth businesses into market leaders. Trinity Hunt Partners has earned a reputation for working effectively with entrepreneurs to provide strategic, operational, and financial expertise to help elevate their companies to the next level of success. For more information, please visit www.trinityhunt.com.