NAVI Navient Corp

Navient to sell Government Services business to Gallant Capital

Navient to sell Government Services business to Gallant Capital

HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell 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 will be included in the transaction, which is expected to close in the first quarter of 2025, subject to certain conditions.

Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by Houlihan Lokey and WilmerHale.

About Navient

Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at .

Contacts:

Navient Media: Paul Hartwick, 302-283-4026,

Navient Investors: Jen Earyes, 703-984-6801,



EN
23/12/2024

Underlying

NAVINavient Corp

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Navient Corp

 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient to sell Government Services business to Gallant Capital

Navient to sell Government Services business to Gallant Capital HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell 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 will be included in the transaction, which is expected to close in the...

4h / 59m 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient declares fourth quarter common stock dividend

Navient declares fourth quarter common stock dividend HERNDON, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced that its board of directors approved a 2024 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2024 dividend will be paid on Dec. 20, 2024, to shareholders of record at the close of business on Dec. 6, 2024. About NavientNavient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our cust...

November 13, 2024 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient Receives Champion of Board Diversity Recognition by The Forum ...

Navient Receives Champion of Board Diversity Recognition by The Forum of Executive Women HERNDON, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) has been recognized by The Forum of Executive Women as a Champion of Board Diversity. This award annually honors the top public companies in the Philadelphia region with boards comprised of at least 30% women. The Forum of Executive Women's annual Women in Leadership Report, which will be released in November and is a collaboration with PwC, provides an annual examination on diversity in the boardrooms and executive suites of ...

November 12, 2024 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient posts third quarter 2024 financial results

Navient posts third quarter 2024 financial results HERNDON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today posted its 2024 third quarter financial results. Complete financial results are available on the company’s website at . The materials will also be available on a Form 8-K on the SEC’s website at . Navient will hold a live audio webcast today, Oct. 30, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at at least 15 minutes ahead of start time to rece...

October 30, 2024 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient Again Named a Best Place to Work for Caregivers

Navient Again Named a Best Place to Work for Caregivers HERNDON, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters, according to Working Daughter, a community for women balancing eldercare with their careers. The annual list recognizes companies that support family caregivers and also raises awareness of how businesses help make caregiving and professional success compatible. "The companies on this list understand that supporting working caregivers is a business imperative,” said Liz O’Donnel...

October 3, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch