As part of this engagement, Delancey Street Partners reviewed strategic alternatives for the divestiture of GEO Care, evaluated and negotiated the terms of the MBO and rendered a fairness opinion to the Independent Committee and the Board of Directors of GEO.

The divestiture of GEO Care was a necessary restructuring step for GEO to operate as a REIT beginning January 1, 2013 in compliance with the REIT rules of the Internal Revenue Code.

GEO Care holds six managed-only health care facility contracts, totaling 1,970 beds, and provides correctional mental health services for the Palm Beach County, Florida jail system as well as correctional health care services in publicly-operated prisons in the State of Victoria, Australia. The GEO Care contracts and services generate approximately $165 million in annualized revenues.

The GEO Group, Inc. is the world’s leading diversified provider of correctional, detention, and community reentry services to federal, state, and local government agencies around the globe. GEO represents government clients in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include 18,000 employees and 73,000 owned and/or managed beds.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Healthcare, Business & Technology Services, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.