Gallant Capital Partners (“Gallant”) announced that it has closed its acquisition of the Government Services business (“NGS” or the “Company”) of Navient Corporation (Nasdaq: NAVI).
NGS provides tech-enabled outsourced business processing to U.S. federal, state, and local government clients. NGS is a leader in the tolling and parking technology and services market and provides other mission-critical services to government agencies including call center support, revenue recovery services, program management, and payment processing.
The acquisition of NGS represents the third platform investment made from Gallant’s second fund, Gallant Capital Partners II.
About Navient’s Government Services Business
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. Across its various segments, NGS provides tech-enabled processing, collections, and record lookups for tolling and parking authorities, outsourced government program management and support, government agency revenue management, and end-to-end payment processing solutions. The Company has approximately 1,200 employees who will be included in the acquisition.
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