More News

CastleBranch Sells Off Part Of Company

By Audrey Elsberry, posted Mar 19, 2024
Professional services company CastleBranch sold its background screening and compliance services to Texas business-to-business service firm DISA Global Solutions, according to a release from CastleBranch officials Tuesday.

CastleBranch's clinical experience platform, CB Bridges, was not included in the acquisition and will remain a separate entity under a new name, Bridges EXP, according to CastleBranch officials. CastleBranch has more than 400 employees, according to its website. In 2020, the company employed 425 people. 

The business services firm's workforce will be split between CastleBranch, now a DISA Glocal Solutions Company and the separated Bridges EXP, the release stated. Both entities will operate out of CastleBranch's headquarters at 1844 Sir Tyler Drive, CastleBranch spokesman Mike Flack told the Business Journal. All employees will remain on staff throughout the transition, according to Flack. 

"We anticipate continued growth, and both companies are committed to further enhancing our presence, impact and contributions to the Wilmington community through our strategic partnership," CastleBranch and DISA Global Solutions officials said in a joint statement. 

The deal went into effect on March 1, according to a DISA Global Solutions release. Acquiring CastleBranch's screening services expands DISA's depth of screening and compliance services, according to DISA officials. The Texas-based company plans to invest in technology, security and customer experience. 

Stifel, an investment services firm with an office in Wilmington, served as DISA's financial advisor during the acquisition. Financial terms of the deal were not disclosed, according to Flack and DISA's release. 

CastleBranch expanded its headquarters in 2020 with the purchase of two neighboring buildings at 1844 and 1838 Sir Tyler Drive. In April 2023, Legg Properties, managed by MegaCorp Logistics CEO Ryan Legg, bought 1845 Sir Tyler Drive for nearly $9 million.
Ico insights


Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems

Paving the Way to Better City Streets

Tony Caudle - City of Wilmington
Chris 16239425

‘Creative,’ An Adjective To Describe Your Accountant?!

Chris Capone - Capone & Associates

Trending News

Riverlights Could Add 73 More Townhomes To Mix, Site Plans Show

Staff Reports - Apr 18, 2024

Game Over For Michael Jordan Museum At Project Grace

Audrey Elsberry - Apr 19, 2024

City Approvals Push Forward Plans For Former Wilmington Fire Stations

Emma Dill - Apr 17, 2024

Surf City Embarks On Park’s Construction

Cece Nunn - Apr 19, 2024

Taking Marine Science On The Road

Lynda Van Kuren - Apr 19, 2024

In The Current Issue

Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....

MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2024 Power Breakfast: The Next Season