Navient finalizes sale of Government Services business

2/21/25 4:05:00 PM ET

Investment Bankers/Brokers/Service

Finance

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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]

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Date	Price Target	Rating	Analyst
1/21/2025	$18.00	Neutral → Buy	Seaport Research Partners
9/30/2024	$17.00	Neutral	BofA Securities
4/3/2024	$18.00 → $17.00	Underweight → Neutral	JP Morgan
1/10/2024		Hold	Deutsche Bank
1/10/2024	$17.00 → $14.00	Equal Weight → Underweight	Barclays
1/8/2024	$17.00 → $15.00	Market Perform → Underperform	TD Cowen
1/2/2024	$16.00	Equal-Weight → Underweight	Stephens
11/15/2023	$17.00	Equal Weight	Barclays

Navient finalizes sale of Government Services business

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Recent Analyst Ratings for
$NAVI

Navient finalizes sale of Government Services business

Chat with this insight

Recent Analyst Ratings for $NAVI

Recent Analyst Ratings for
$NAVI