Business
Navient finalizes sale of Government Services business
HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has finalized the sale of its Government Services business to
About this update from Navient Corporation
HERNDON, Va. , Feb. 21, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has finalized the sale of its Government Services business to an affiliate of Gallant Capital Partners, LLC , a Los Angeles -based investment firm. Navient’s Government Services business includes Navient Business Processing Group , Duncan Solutions, Gila (D.B.A Municipal Services Bureau ), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees are transferring with those businesses as a part of the transaction, which allows Navient to fully exit the business processing solutions space. About Navient Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients. Learn more at navient.com . Contact: Media: Paul Hartwick , 302-283-4026, [email protected] Investors: Jen Earyes , 703-984-6801, [email protected] Source: Navient Corporation
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