Navient sells Government Services business to Gallant Capital Partners to focus on core operations

From Zacks Investment Research: 2024-12-24 12:54:20

Navient Corporation has agreed to sell its Government Services business to Gallant Capital Partners, LLC, with the transaction expected to close in the first quarter of 2025. The move allows Navient to focus on core operations in education finance and business processing solutions. The company aims to improve operating efficiency through cost-control initiatives and outsourcing agreements. Despite a decline in NAVI’s share price over the past six months, the company carries a Zacks Rank #3 (Hold). In a similar move, Flagstar Bank, N.A. completed the sale of its residential mortgage servicing assets to Mr. Cooper Group Inc. for $1.3 billion.



Read more at Zacks Investment Research: Navient to Divest Its Government Services Unit to Gallant Capital – December 24, 2024