Gallant Capital Acquires Navient's Government Services

Deal News | Feb 24, 2025 | Gallant Capital Partners LLC

Gallant Capital Partners LLC has finalized the acquisition of the Government Services division of Navient Corporation, known as Navient Government Services (NGS). NGS is renowned for providing technology-enabled outsourced business processing services to U.S. federal, state, and local governments. Its key areas include tolling and parking services, call center operations, revenue recovery, program management, and payment solutions. This acquisition marks Gallant's third platform investment from its second fund, highlighting its strategy to expand in technology and service industries. Navient, the selling company, continues its operations in tech-enabled education finance solutions. With the acquisition, approximately 1,200 employees from NGS will transition to Gallant Capital. Gallant emphasizes operational focus and collaboration with management teams, aiming for sustainable growth and value maximization.

Sectors

  • Private Equity
  • Government Services
  • Technology-Enabled Services

Geography

  • United States – The acquisition involves U.S.-based companies and services targeting federal, state, and local government sectors within the U.S.

Industry

  • Private Equity – Gallant Capital Partners LLC is engaging in a significant investment through acquiring Navient's Government Services business.
  • Government Services – The acquired NGS focuses on services to federal, state, and local government entities, including managing tolling systems and call centers.
  • Technology-Enabled Services – NGS and Navient provide technology-driven solutions, making this a relevant industry classification.

Financials

  • Not Disclosed – The financial details of the acquisition of Navient Government Services by Gallant Capital were not publicly disclosed.

Participants

NameRoleTypeDescription
Gallant Capital Partners LLCBuyerCompanyA private equity firm focused on technology, business services, and industrial companies.
Navient CorporationSellerCompanyProvides technology-enabled education finance solutions and has sold its Government Services business.
Navient Government Services (NGS)TargetCompanyProvides tech-enabled business processing services to U.S. government clients, acquired by Gallant Capital.