Navient's Government Business Carves Path to Gallant's Portfolio

Gallant Capital Partners, a private equity firm based in Los Angeles, has signed a definitive agreement to acquire Navient Corporation's Government Services business. This strategic acquisition marks Gallant's third platform investment from its second fund and is expected to close in the first quarter of 2025, subject to certain conditions. Navient's Government Services business, known as a leader in the tolling and parking tech-enabled services market, provides critical business processing to government agencies across federal, state, and local levels. The acquisition will see Gallant support NGS as a standalone entity, with a focus on fostering innovation and growth. Gallant's track record of operational expertise and strong industry relationships will be leveraged to enhance NGS's market position. This transaction also represents Gallant's second corporate carveout in the past year, highlighting the firm's strategic focus on extracting and maximizing value from targeted acquisitions.