GEO Group acquires Behavioral Interventions (B.I. Incorporated) - MarketLine Financial Deals

GEO Group acquires Behavioral Interventions (B.I. Incorporated)

GEO Group acquires Behavioral Interventions (B.I. Incorporated) - MarketLine Financial Deals
GEO Group acquires Behavioral Interventions (B.I. Incorporated)
Published Feb 11, 2011
3 pages — Published Feb 11, 2011
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Brief Excerpt:

...The GEO Group, Inc., a provider of correctional, detention and residential treatment services, has acquired Behavioral Interventions, Inc. (BI), a manufacturer and provider of electronic monitoring equipment and services, and community correctional services to the criminal justice market. Both the companies are based in the US. Announcement (December 21, 2010): GEO Group has agreed to acquire BI for $415 million in an all cash transaction. The transaction is expected to close in the first quarter of 2011. BNP Paribas, WF Investment Holdings (a subsidiary of Wells Fargo & Company), BofA Merrill Lynch, Barclays Capital, SunTrust Robinson Humphrey, and JP Morgan Chase have provided $425 million of committed financing, which will be used to finance the all-cash transaction. The acquisition is expected to increase GEO s total annual revenues by approximately $115 million to more than $1,600 million in 2011. The acquisition is also expected to materially increase GEO s EBITDA, and cash flow on...

  
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MA43630_101223
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GEO=US
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MLA:
MarketLine Financial Deals. "GEO Group acquires Behavioral Interventions (B.I. Incorporated)" Feb 11, 2011. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/GEO-Group-acquires-Behavioral-Interventions-B-I-Incorporated-2052-49641>
  
APA:
MarketLine Financial Deals. (2011). GEO Group acquires Behavioral Interventions (B.I. Incorporated) Feb 11, 2011. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/GEO-Group-acquires-Behavioral-Interventions-B-I-Incorporated-2052-49641>
  
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