Posted on April 19, 2012

Sterling Infosystems acquires Checkwell Solutions Corporation

Beedie Capital Partners achieves another successful exit

Sterling Infosystems, Inc. today announced the closing of its acquisition of Checkwell Solutions Corporation; provider of BackCheck™ employment background screening services and related industry leading software and technology solutions. 

Please click here for the press release issued by Sterling Infosystems.

Checkwell has been a longstanding tenant of the Beedie Development Group, and in early 2011, received an investment from Beedie Capital Partners. Management of Checkwell provided the following testimonial in conjunction with the closing announced today.

"Beedie Capital Partners (BCP) really came through for Checkwell at a key juncture in our growth and evolution. They were highly creative and flexible in putting together a hybrid debt and equity structure that worked very well for all parties involved. Just as important, the people we worked with at BCP were always supportive and enjoyable to work with. They also moved incredibly fast which in any fast growing environment is simply invaluable. The fact that we were able to successfully achieve the sale of our business, is in no small measure a result of BCP’s support.” 

David Dinesen
CEO, Checkwell Solutions Corporation