Always hard to do the financials on private companies, so it has...

Always hard to do the financials on private companies, so it has to be a bit of a leap of faith that management are satisfied.
I think the rationale of the combination is valid, and the market need is true. I don’t know whether Bright has a good solution or not, so I can’t comment on that part, but that they have re-platformed to modern standards is positive - that sort of effort can take 2 or 3 years of work.
My only other consideration is the ability to cross sell is always much harder than hoped. The people making decisions about background checks are likely HR, while the people doing site safety inductions are likely WHS, and they might have nothing to do with each other.

In any case, the combination is likely a net positive, so as long as it isn’t a distraction from closing deals, I am happy to support it.