GEO Acquires B.I. Inc. for $415M

The GEO Group GEO announced today the signing of a definitive agreement to acquire B.I. Incorporated. Pursuant to the terms of the definitive agreement, GEO will acquire BI for $415 million in an all cash transaction, excluding transaction related expenses. GEO will not assume any debt as a result of the transaction. BI will be integrated into GEO's wholly-owned subsidiary, GEO Care.