Houlihan Lokey Advises Select International

Houlihan Lokey is pleased to announce that Select International has been acquired by PSI Services LLC (PSI). The transaction closed on May 3, 2018.

Houlihan Lokey served as the exclusive financial advisor to Select International and assisted in structuring and negotiating the transaction on its behalf.

PSI, a global professional testing services provider to corporations, federal and state government agencies, professional associations, certifying bodies, and leading academic institutions, today announced that it has acquired Select International, a leader in evidence-based hiring and development assessment solutions and provider of award-winning safety and leadership assessments.

The Select International acquisition gives PSI validated industry solutions in manufacturing, healthcare, leadership, contact centers, and other in-demand job sectors that blend training with assessment and add to PSI’s solution mix for HR professionals requiring expertise in their sector.

“Acquiring Select International adds to our talent assessment capabilities while helping us expand across the employee lifecycle from structured interviewing to engaging development tools,” said Steve Tapp, CEO of PSI. “Select International will significantly enhance our value to HR professionals. The company’s SafetyDNA™, LeaderDNA™, SecureFit™, and ServiceFit™ products make assessment more personal and efficient in improving workplace outcomes. By combining PSI’s extensive psychometric consulting arm, industry-leading assessment products, and operational expertise with Select International’s innovative intellectual capital and experienced team, PSI can truly deliver the industry’s best range of technology-enabled assessment solutions to HR professionals.”

Doug Wolf, CEO of Select International, said, “We’re excited to join the PSI family. The partnership will bring tremendous scale, innovation, and technology benefits to our customers. PSI has market-leading self-service assessment technology, authoring tools, and custom test development services that we’ve admired for years as a publishing partner. Our clients will now have more access to this technology as well as enhanced support options to drive efficiencies in their business. Beyond the technology, PSI shares our commitment to evidence-based assessment outcomes. Our clients are in excellent hands with PSI’s unmatched commitment to science and service.”

PSI has over 70 years of experience providing worldwide testing solutions to corporations, federal and state government agencies, professional associations, certifying bodies, and leading academic institutions. PSI offers a comprehensive solutions approach from test development to delivery to results processing, including pre-hire employment selection, managerial assessments, licensing and certification tests, distance learning testing, license management services, and professional services.