
USIS
Company Snapshot:
U.S. Investigations Services traces its origins back to 1883 as a part of the federal government’s Civil Service Commission (CSC). Tasked with checking backgrounds of prospective government employees, CSC evolved into the Investigations Service arm of the Office of Personnel Management. In 1996, the Clinton administration privatized this office, purportedly to save money, and sold it for $545 million to the Carlyle Group and the New York investment firm of Welsh, Carson, Anderson, and Stowe. Ten years after the sale, USIS, a private company, has a near monopoly on “screening transactions,” conducting some 20 million a year, roughly 90 percent of the total.
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