Private prison sector could be on track for blowout 2025
- Sasha Padbidri
Our news and analysis helps customers stay on top of everything, and ahead of the competition. Find out more about what we do for distressed and restructuring here.
When President-elect Donald Trump won the election last November, some of the biggest perceived beneficiaries in the aftermath included private prison operators GEO Group and CoreCivic.
Their bet on increased demand for their facilities and services, driven by Trump’s proposed hardline border control policies, has nearly doubled the stock prices of both companies in the past year, while their debt trading levels are close to or above par. For Brian Evans, GEO Group’s former CEO, it was an especially fitting end to 2024, as he retired on 31 December with a generous separation package.