BI Incorporated has entered a merger agreement with Kohlberg & Company, which will acquire the company for $8.25 per share in cash, amounting to a total transaction value of approximately $85 million.
Information on the Target
BI Incorporated (NASDAQ: BIAC) is a distinguished provider of integrated technology systems and treatment services tailored for community-based corrections. Based in Boulder, Colorado, the company specializes in delivering innovative solutions that enhance public safety and foster positive behavioral changes among offenders.
With a comprehensive focus on both technology and rehabilitation services, BI Incorporated has established itself as a leader in the corrections sector, offering vital support for correctional institutions, probation, and parole departments throughout the United States.
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Industry Overview in the Target’s Specific Country
The community-based corrections industry in the United States is dynamic and rapidly evolving, driven by a growing emphasis on rehabilitation over punitive measures. There is an increa
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Kohlberg & Company, L.L.C.
invested in
BI Incorporated
in 2023
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Transaction Size: $85M