Gallant Capital Partners announced that it has signed a definitive agreement to acquire the Government Services business of Navient (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 is expected to close in the first quarter of 2025, subject to certain conditions. The acquisition of NGS would represent the third platform investment made from Gallant’s second fund, Gallant Capital Partners II.
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