Confluence Advises JD Palatine in Capital Raise Transaction to Support Continued Growth

Confluence Advisors, LLC (“Confluence”) acted as the exclusive investment banker to JD Palatine (“JDP”) in the placement of capital for growth. Mezzanine debt was provided by Tecum Capital and senior debt was provided by First Commonwealth Bank. 

Founded in 2009 by Chad Killian, JDP is a consumer reporting agency that provides background and employment-screening services to over 10,000 clients nationwide. Since inception, JDP has grown into an industry leader by providing sophisticated technology solutions to protect customers in a wide range of industries. The Company’s in-house data warehouse delivers superior accuracy and fast turnaround times. Headquartered in Pittsburgh, PA, JDP is accredited by the Professional Background Screening Association, the most widely recognized trade organization for consumer reporting agencies in the U.S. with more than 800 member companies.

“It made all the sense in the world to partner with institutions like Tecum and First Commonwealth,” said Killian. “I’ve got the capital to pursue new opportunities, a sounding board to help me along the way and the flexibility to continue running my business.”