ContractorCheck purchased by Alcumus
Toronto’s ContractorCheck has been acquired by a UK-based firm.
Alcumus, which provides risk-management solutions to a variety of industries, including construction, announced the purchase on June 30.
ContractorCheck provides health and safety pre-qualification and contractor management accreditation. The business works with purchasers to assess and accredit contractors to legislative and client requirements. Doing so, the company says, helps clients to maintain compliance and reduce risk when engaging with contractors.
“Alcumus has a strong mission that requires expert solutions: we help make workplaces better and safer, and businesses stronger,” said Alyn Franklin, Alcumus CEO. “The acquisition of ContractorCheck provides greater opportunities for us to provide clients with risk management and compliance solutions where our expertise is highly relevant. North America is the largest, highest growth market in the world, and Alcumus is well placed to serve local clients as well as global companies.”
ContractorCheck CEO Chris Kelson says the company’s acquisition will help ContractorCheck augment its service offering and diversify its product range.
“At ContractorCheck, we are committed to making workplaces safer and helping our clients reduce risk by tackling the administrative legwork of health and safety due diligence and contractor management,” he said. “Alcumus’s deep subject matter expertise and holistic vision to create better workplaces and stronger, more resilient businesses was inspiring and we are excited to become part of a global leader.”
The purchase of ContractorCheck builds on Alcumus’s 2019 purchase of eCompliance. The $40-million deal at that time was the UK company’s first venture into the North American market.
Alcumus also announced the purchase of Banyard Solutions on June 30. The UK company developed an electronic work authorization and permit-to-work system called e-permits that is being used by more than 60 companies worldwide.
Details on the purchase price of either company were not available.