Patriot National Announces Closing of Global HR Research Acquisition

FORT LAUDERDALE, Fla., Aug. 24, 2015 /PRNewswire/ — Patriot National, Inc. (NYSE: PN), a leading provider of technology and outsourcing solutions, announced today that it has closed the previously announced acquisition of Global HR Research (GHRR). ¬†Fort Myers-based GHRR provides pre-employment background screening, assessment and acquisition solutions that augment Patriot’s broad employer service offerings, enabling its corporate clients to improve front-end risk management and reduce the costs of doing business. The aggregate purchase price paid at closing was $24 million in cash, and $18 million in stock, or approximately 6.5X…