September 14th, 2017 | Debbie Lamb, Sterling Talent Solutions
Sterling Participates in Panel at 2017 NAPBS Annual Conference
Sterling is excited to be a member of a panel presenting at the 2017 NAPBS Annual Conference in Orlando Florida September 17th to 19th. The conference offers attendees a diverse range of educational topics from strategic business sessions, the future of background screening technology, legal and compliance issues and guidelines, international screening, employment discrimination and much more. There will be an exhibit hall with vendors demonstrating their products and services. There are seminars lead by background screening, HR and business experts, networking opportunities and an exhibit hall packed with industry partners showcasing their products and services.
Cheri Homa, Managing Director of HighBank Advisors, will be leading a panel entitled, “You Built Your Company, What’s Next” with Sterling’ Jason Morris, and Billy Goldstein on Tuesday, September 19, 2017, at 2:30 pm. The panel will uncover and demystify the financial, emotional and career aspects of the sale of a company. Attendees will learn about the sales process, the current M&A environment, how companies can evaluate their options, what businesses need to prepare when considering to sell, what buyers are looking for and how to maximize the value of the business.
“The background screening industry is experiencing a large number of M&A transactions,” explains Cheri Homa. “Most business owners only go through a sale process once in their lifetime. Whether you are considering a transaction now or several years in the future, this panel will provide insight from buyers, sellers and advisors that can ultimately prove invaluable.”
“It’s an important topic because selling your business is one of the hardest and most important decisions a business owner can make,” adds Jason Morris. “Listening to people from all sides of the coin is helpful when deciding what to do.”
Sterling is excited to be a participating in a panel discussion at the 2017 NAPBS Conference with Cheri Homa. Each panel member brings years of expertise in their perspective fields:
- Cheri Homa: Cherie Homa has been an investment banker for over 25 years and has worked at KPMG Corporate Finance and HighBank Advisors. Cherie advises the privately-held business on their strategic alternatives, and her banking experience includes mergers, acquisitions, sale transactions, financings, strategic assessments and valuations. Typically, Cherie works on middle market transactions ranging from $10 MM to $150 MM and has closed transactions that represent over a billion dollars of closed transaction value. Cherie has followed the background screening industry for over ten years and has published a number of surveys on the industry. She is a regular speaker at industry and M&A conferences on topics such as the state of the M&A market, preparing a business for sale and maximizing value in a sales process.
- Jason Morris: Jason Morris is the Senior Vice President of Client Success at Sterling where his focus is client development and relationships. He was previously founder, President and Chief Executive Officer of EmployeeScreenIQ. Under his leadership, EmployeeScreenIQ became a global leader in employment screening serving mid and large-cap organizations throughout the world. Jason serves as an expert witness on topics such background checks, employment screening and FCRA. He is also a licensed private investigator in the states of Ohio, Illinois, New Jersey, Texas, Arizona and Nevada. Jason is a former Chairman of the National Association of Professional Background Screeners (NAPBS) and has consulted with federal agencies including the Federal Trade Commission, Department of Homeland Security and The U.S. Department of Justice.
- Billy Goldstein: Billy Goldstein, the Executive Vice President of Acquisitions and Mergers, joined Sterling in 2015. He brings more than 20 years of experience working with technology, media and telecom companies as an investment banker at top global investment banks including Goldman Sachs, Macquarie Capital and J.P. Morgan. By executing M&A transactions with an aggregate value of $100 billion and raising more than $36 billion in debt and equity, Billy has helped many companies grow faster and more strategically. Before joining Sterling, Billy led Persevent Group LLC, a boutique advisory and investment firm serving TMT companies, as its chief executive officer. He also held roles at Star Mountain Capital, an investment management firm, and was Managing Director, Head of North America Telecom Merchant Banking at Macquarie Capital.
National Association of Professional Background Screeners
The National Association of Professional Background Screeners (NAPBS) was founded as a non-profit trade association in 2003. The organization represents the interest of companies offering employment and tenant background screening services. The Association currently represents over 880 member companies, ranging from Fortune 100 companies to small local businesses across the United States. NAPBS Member companies are defined as “consumer reporting agencies” pursuant to the Fair Credit Reporting Act (FCRA) and are regulated by both the FTC and CFPB.
NAPBS offers a Background Screening Agency Accreditation Program (BSAAP) for U.S. background screening firms. The BSAAP covers six crucial qualifications for a credible background screening company: consumer protection, legal compliance, client education, product standards, service standards and general business practices. Accreditation lasts for a period of five years, after which time firms are required to re-complete the process if they wish to remain accredited.
See You at 2017 NAPBS Annual Conference in Orlando Florida
This publication is for informational purposes only and nothing contained in it should be construed as legal advice. We expressly disclaim any warranty or responsibility for damages arising out this information. We encourage you to consult with legal counsel regarding your specific needs. We do not undertake any duty to update previously posted materials.