Patriot National to Acquire Global HR Research
07.24.15
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Simpson Thacher is representing Patriot National, Inc. (NYSE: PN) in connection with the announced acquisition of Global HR Research, a Fort Myers based pre-hire intelligence solutions provider. The total purchase price is approximately $24 million in cash and $18 million in stock. The transaction is expected to close by August 25, 2015.
Patriot National is a national provider of comprehensive outsourcing solutions within the workers’ compensation marketplace for insurance companies, employers, local governments and reinsurance captives.
The Simpson Thacher team included Gary Horowitz, Stephen Wiseman, Phong Quan, Maria Monte and Elina Alperovich (M&A); Sophie Staples (Tax); David Rubinsky and Patricia Adams (Executive Compensation and Employee Benefits); and Karen Hsu Kelley, Joia Lee and Charles Mathes (Public Company Advisory Practice). Summer Associate Scott Rog also provided valuable assistance.