Navient Sells Government Services Business

By Tamara Parker • Monday, December 23 10:15 • Permanent Link

Navient (Nasdaq: NAVI) has announced the sale of its Government Services business to an affiliate of Gallant Capital Partners, LLC. The transaction, expected to close in the first quarter of 2025, will include approximately 1,200 employees.

The Government Services business comprises Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO.

Navient was advised on the transaction by Houlihan Lokey and WilmerHale.

Navient provides technology-enabled education finance and business processing solutions. For additional information, reference the 8-K filed by Navient.

The sale marks a significant development for Navient, signaling a strategic shift in the company's operations as it moves forward. The market has reacted to these announcements by moving the company's shares -0.8% to a price of $14.14. For the full picture, make sure to review Navient's 8-K report.

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