M&A - GEO GROUP INC
Form Type: 8-K
Filing Date: 2025-06-09
Corporate Action: Acquisition
Type: New
Accession Number: 000119312525137828
Filing Summary: On June 3, 2025, The GEO Group, Inc. entered into a Purchase and Sale Agreement to sell the Lawton Correctional Facility in Lawton, Oklahoma to the State of Oklahoma for $312 million. The transaction is expected to close on July 25, 2025, with operations transitioning to the Oklahoma Department of Corrections on the same date. The Sale Agreement includes customary representations, warranties, and covenants and may be considered a material contract.
Additional details:
Date Of Agreement: 2025-06-03
Sale Price: 312 million
Facility Sold: Lawton Correctional Facility
Purchaser: State of Oklahoma
Expected Closing Date: 2025-07-25
Transition Date: 2025-07-25
Prev Customer: Oklahoma Department of Corrections
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