Navient finalizes sale of Government Services business

Rhea-AI Summary

Navient (NAVI) has completed the sale of its Government Services business to an affiliate of Gallant Capital Partners, a Los Angeles-based investment firm. The transaction includes the transfer of Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO, along with approximately 1,200 employees. This strategic move marks Navient's complete exit from the business processing solutions sector.

Positive

• Complete exit from business processing solutions sector allows focus on core operations
• Strategic divestment streamlines company structure

Negative

• Loss of revenue stream from Government Services business
• Reduction in workforce by 1,200 employees indicates significant operational downsizing

News Market Reaction – NAVI

-0.21%

-0.21% Session move

In the trading session that priced this news, NAVI declined 0.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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, paul.hartwick@navient.com

Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

FAQ

What businesses did Navient sell to Gallant Capital Partners in February 2025?

Navient sold its Government Services business, which includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO.

How many employees were transferred in Navient's Government Services business sale?

Approximately 1,200 employees were transferred as part of the Government Services business sale to Gallant Capital Partners.

What is the strategic significance of NAVI's Government Services business sale?

The sale represents Navient's complete exit from the business processing solutions space, indicating a strategic shift in the company's operational focus.

Who acquired Navient's Government Services business in 2025?

An affiliate of Gallant Capital Partners, , a Los Angeles-based investment firm, acquired Navient's Government Services business.