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GEO Group Acquires CEC in $360 Million Deal

Loaded on June 30, 2017 published in Prison Legal News July, 2017, page 29
Filed under: GEO Group/Wackenhut, Community Education Centers, Rehabilitation/Recidivism. Location: United States of America.

In an all-cash transaction that closed on April 6, 2017, private prison firm the GEO Group, Inc. acquired New Jersey-based Community Education Centers (CEC), a for-profit reentry and treatment provider. GEO plans to integrate CEC into its existing business operations.

The $360 million deal expands GEO’s annual revenue by approximately ...

 

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