Chicago, IL – February 3, 2021 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Orange Tree Employment Screening, LLC (Orange Tree) to Tonka Bay Equity Partners, a growth-oriented investment firm. BDO Capital served as exclusive financial advisor to Orange Tree on this transaction, which builds on the firm’s experience working with entrepreneur-owned companies in the technology-enabled business services sector.
Based in Minneapolis, Minnesota, Orange Tree offers fast and easy background screening services so companies can hire quickly. Orange Tree designs background screening programs in the best interest of its clients, who operate in a diverse array of industries.
Regarding the new business relationship with Tonka Bay, Renee Ernste, CEO of Orange Tree, said “Tonka Bay is a great cultural fit with our team. We’re excited about the opportunity to expand our business services and accelerate our market penetration in partnership with them.”
As a provider of background screening solutions, Orange Tree delivers essential services for its clients’ pre-employment hiring process where speed, ease-of-use and accuracy is critical. Orange Tree is considered the teammate and trusted partner of its clients by combining innovative technology, peace-of-mind compliance and responsive client care.
Shane Slominski, Partner at Tonka Bay, stated “We’ve gotten to know Orange Tree and the management team over several years and are thrilled with the opportunity to partner with Renee and her team. They have built an impressive business that is positioned for accelerated growth in a large and fragmented market. We’re excited to support the business in its next stage of growth.”
