Altegrity (USIS) Buys Kroll
An article in the Washington Post reported that Altegrity, a privately held Falls Church, VA company that provides security/screening services, will buy Kroll from Marsh & McLennan Cos. for $1.13 billion in cash.
Altegrity was started in 1996 when the federal government privatized the investigative branch of the Office of Personnel Management. The company began with 600 employees and was originally called U.S. Investigations Services. Among its first contract work were security clearance background investigations. It has grown to 8,000 employees across the U.S.
Altegrity does a range of contract work, mostly for the federal government, including security clearance investigations for the U.S. government and training and consulting for police departments in such places as Afghanistan, Colombia, Iraq and Pakistan.
Kroll performs corporate investigations and security business and has 3,000 employees in 55 cities around the world. The deal for Kroll is expected to close in September. Altegrity’s CEO served as Kroll’s CEO from 2001 to 2004. The deal is expected to allow Altegrity to better compete against defense contractors on government service contracts.