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M&A Deal Summary

Gallant Capital Acquires Navient - Government Services business

On December 23, 2024, private equity firm Gallant Capital acquired financial services company Navient - Government Services business from Navient

Acquisition Highlights
  • This is Gallant Capital’s 1st transaction in the Financial Services sector.
  • This is Gallant Capital’s 11th transaction in the United States.
  • This is Gallant Capital’s 1st transaction in Virginia.

M&A Deal Summary
Date 2024-12-23
Target Navient - Government Services business
Sector Financial Services
Buyer(s) Gallant Capital
Sellers(s) Navient
Deal Type Divestiture

Target

Navient - Government Services business

Herndon, Virginia, United States
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. Navient’s Government Services are based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Gallant Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 12 of 12
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 11 of 11
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-17 Fime

Antony, France

Fime is a provider of consulting and market integration services for secure chip based applications, tokens and devices. Fime was founded in 1962 and is based in Antony, France.

Buy -

Seller(S) 1

SELLER

Navient

Herndon, Virginia, United States
Category Company
Founded 1973
Sector Financial Services
Employees4,500
Revenue 1.3B USD (2023)
DESCRIPTION
Navient's corporate headquarters in Wilmington, Delaware.
Navient's corporate headquarters in Wilmington, Delaware.

Navient is a financial services company specializing in education with products and services that include Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Navient offers solutions that help families save, plan, and pay for college. Navient was founded in 1973 and is based in Herndon, Virginia.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 Navient - Healthcare Services Business

Hendersonville, Tennessee, United States

Navient's Healthcare Services Business provides healthcare services.

Sell $365M
Mergr

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Company

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