The Cooper Parry Corporate Finance team, led by Niall Chantrill and Matt Hellis, acted as exclusive advisers to the shareholders of TrustID, a UK market leader in Right to Work (RtW) and digital identity verification services, on their sale to The Citation Group, a global compliance software specialist serving SMEs.
TrustID serves over 3,000 clients across all sectors, including recruitment, healthcare, hospitality, and professional services, completing more than 3 million RtW checks annually. With robust annual growth of 20% and a strong reputation for innovation, TrustID has established itself as a key player in the rapidly digitising compliance sector.
While RtW checks form the foundation of TrustID’s offering, the business also provides complementary services such as Right to Rent, Know Your Customer (KYC), and Anti-Money Laundering (AML) checks. These services enhance The Citation Group’s ability to address emerging industry needs, including remote hiring and improving workforce compliance, while providing clients with smarter, faster, and more integrated solutions.
With this latest acquisition, The Citation Group further solidifies its leadership in the compliance sector, uniting technology, expertise, and scale to help SMEs tackle increasingly complex regulatory challenges with confidence and ease.
Niall Chantrill, Partner at Cooper Parry Corporate Finance, commented: “We are delighted to have advised the shareholders of TrustID on this strategic transaction. TrustID’s expertise in RtW and digital identity verification make it a perfect fit for The Citation Group, and this deal strengthens their shared vision for innovation in compliance solutions. We look forward to seeing TrustID thrive as part of The Citation Group’s global platform.”
Commenting on the acquisition, Tony Machin, CEO of TrustID, said: “Joining The Citation Group represents an exciting new chapter for TrustID. Our shared commitment to delivering exceptional service will only grow stronger as we integrate our expertise and resources. Together, we’re developing innovative tools to simplify identity verification, enabling SMEs to confidently meet their compliance obligations.”
