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HighBank serves as exclusive financial advisor to Hirease, Inc. on its sale to Accurate Background, Inc. a portfolio company of Boathouse Capital

November 20, 2014

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to Hirease, Inc. (“Hirease” or the “Company”) on its sale to Accurate Background, Inc. a portfolio company of Boathouse Capital.  Terms of the transaction were not disclosed.

Hirease is a five time Inc. 500/5000 award winning human resources solutions provider serving clients across the United States. A founding NAPBS member that has earned the coveted background screeners BSCC Accreditation, Hirease provides accredited background screening services to over 1,500 corporate and enterprise clients nationwide.  The acquisition will combine the strengths of two industry leaders and leverage Accurate Background’s global network and resources and Hirease’s industry solutions.

“HighBank was hands-on throughout the sale process, providing high-touch senior level advice in a complex transaction.  Understanding the background screening and human resource market and reaching the potential buyers that could help us achieve our objectives was critical.  HighBank played an instrumental role in our successful sale to Accurate Background,” said owners Heidi and Paul Dent.

Cherie Homa, Managing Director, at HighBank stated, “The Dents built a strong company providing human resources solutions to clients nationwide.  Hirease became a leader in providing background screening solutions to corporate clients through its dedication to innovation and client service.  We were excited to work with the outstanding team at Hirease on the sale transaction.”

About Hirease

Hirease is a five time Inc. 500/5000 award winning human resources solutions provider serving clients across the United States. A founding NAPBS member that has earned the coveted background screeners BSCC Accreditation, Hirease provides accredited background screening services to over 1,500 corporate and enterprise clients nationwide.  The Hirease E.C.H.O. philosophy is simple – treat our clients ethically, centered with value, honesty and ownership.  Hirease focuses on innovation in service and technology to help companies continue to discover a better way to better people.  For more information visit www.hirease.com.

About Accurate Background, Inc.

Accurate Background is a full-service provider of pre-employment and workforce screening services to U.S. and international companies of all sizes and industries, with services including international background screening, drug testing and health screening, electronic I-9 & E-Verify, and ATS integration. Founded in 1997, Accurate continues to team with many brand name Fortune 500 and enterprise companies, as well as thousands of small and medium businesses (SMBs). Accurate Background's customer-focused culture and award-winning support teams empower companies to hire and retain the best talent, while providing positive experiences for their candidates and employees. For more information visit http://accuratebackground.com/.

About Boathouse Capital

Boathouse Capital is a $120 million private equity firm that invests mezzanine debt and equity into lower middle market businesses across the U.S.  Based in Wayne, PA, Boathouse Capital invests $3 million to $15 million to support companies in a variety of industries generating EBITDA close to $2 million or greater. For more information visit www.boathousecapital.com.