M&A Deal Summary

CoreCivic Acquires Avalon Correctional Services

On October 29, 2015, CoreCivic acquired business services company Avalon Correctional Services for 158M USD

Acquisition Highlights
  • This is CoreCivic’s 1st transaction in the Business Services sector.
  • This is CoreCivic’s largest (disclosed) transaction.
  • This is CoreCivic’s 1st transaction in the United States.
  • This is CoreCivic’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2015-10-29
Target Avalon Correctional Services
Sector Business Services
Buyer(s) CoreCivic
Deal Type Add-on Acquisition
Deal Value 158M USD

Target

Avalon Correctional Services

Oklahoma City, Oklahoma, United States
website
Avalon Correctional Services, Inc. is a provider of reintegration services for non-violent offenders serving the last 6 to 9 months of their sentence.

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Buyer(S) 1

Buyer

CoreCivic

Brentwood, Tennessee, United States

website

Category Company
Founded 1983
Sector Real Estate
Employees10,350
Revenue 1.8B USD (2022)
DESCRIPTION

CoreCivic is a real estate investment trust (REIT). CCA specializes in owning, operating and managing prisons and other correctional facilities and providing residential, community re-entry and prisoner transportation services for governmental agencies. CoreCivic was incorporated in 1983 and is headquartered in Brentwood, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Correctional Management

Denver, Colorado, United States

Correctional Management, Inc. is a provider of community corrections and non-residential day reporting services.

Buy $35M
Mergr

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Company

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