(RTTNews) - Gallant Capital Partners has signed a definitive agreement to acquire the Government Services business of Navient (NAVI). The Government Services business or NGS provides tech-enabled outsourced business processing to U.S. federal, state, and local government clients. NGS provides other mission-critical services to government agencies including call center support, revenue recovery services, program management, and payment processing. Gallant Capital Partners expects the acquisition to close in the first quarter of 2025.
Anthony Guagliano, Partner at Gallant, said: "This acquisition represents Gallant's second corporate carveout in the past year and we are pleased Navient chose Gallant on the transaction."
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