Gallant Capital Partners has acquired the government services business of Navient Corporation, known as Navient Government Services (NGS).
NGS provides tech-enabled outsourced business processing services to U.S. federal, state, and local governments.
The acquisition marks Gallant's second corporate carveout in the past year, following its acquisition of Fime and UL Solutions' digital payments testing business.
Navient Corporation has been restructuring and focusing on its core businesses of private education loan servicing and asset recovery.