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Historic Milestones

 

1984 – Inception

Wackenhut Corrections Corporation (WCC) was formed as a division of The Wackenhut Corporation (TWC) in 1984. George C. Zoley was instrumental to the development and marketing of detention and correctional services to government agencies.

 

1987 – First Contract Award

Receives first contract award, the Aurora Processing Center, providing secure care, custody, and control of 150 immigration detainees for the federal government.

 

1988 – Incorporation

WCC incorporates as a wholly-owned subsidiary of TWC.

 

1992 – International Presence

Enters the international market through the development of wholly-owned subsidiary, Australasian Correctional Management PTY Ltd. (ACM) (later renamed GEO Australia)

 

1992 – United Kingdom

Entered the correctional services arena in the United Kingdom through a joint venture to form, Premier Custodial Group Ltd. (PCGL), The cooperative enterprise provided clients with prisoner transportation, court custody, home detention services, and correctional and immigration detention services. (The joint venture was discontinued by mutual agreement in 2003).

 

1993 –Australian Milestone

Wholly-owned subsidiary, ACM, was awarded its first contract, the Junee Correctional Centre, to design, build, and operate for the New South Wales Department of Corrective Services. This contract was the first privately operated correctional center in New South Wales.

 

1993 – Breakthrough Rehabilitation

Opens the world's largest in-prison therapeutic community chemical dependency treatment programs at the Kyle Correctional Center in Texas. The program provided intensive chemical dependency treatment.

 

1994 – Initial Public Offering

In July, WCC goes public with an Initial Public Offering (IPO) of 2.2 million shares on the NASDAQ®.

 

1996 – NYSE

Through a secondary public offering, WCC is listed on the New York Stock Exchange under ticker symbol WHC. Now trading under ticker symbol GEO.

 

1997 – Residential Treatment Services

Atlantic Shores Healthcare, Inc. (later renamed GEO Care) is created. This former wholly-owned subsidiary was formed to provide premier behavioral and mental health care services to state and local government agencies.

 

1997 – Bureau of Prisons 

Receives award for the first privately operated facility by the Bureau of Prisons (BOP). The 2,048-bed Taft Correctional Institution opened in December 1997.

 

1998 – Design Services, Inc.

Wholly-owned subsidiary WCC Design Services Inc. (later renamed GEO Design Services) is formed, becoming the only company in the corrections industry to have an in-house design team.

 

1998 – First Private State Psychiatric hospital in US

Receives award to manage the first comprehensive privately-operated state psychiatric hospital in the US. Takes over the operation and management of the 335-bed South Florida State Hospital November 1998.

 

1998 – Correctional Properties Trust

Co-creates Correctional Properties Trust (later known as CentraCore Properties Trust), a real estate investment trust. Formed to support the growing trend towards utilizing privately sourced capital in the corrections industry.

 

1999 – Enters South Africa

Establishes, via joint venture, South African Custodial Management (SACM) an operating arm of South African Custodial Services (SACS) in order to remedy overcrowding conditions for the government corrections system.

 

1999 – South Africa Contract

SACS awarded the first privatized correctional centre in South Africa. A 25 year contract for the design, construction, financing, operation, and maintenance of the Kutama Sinthumule Correctional Centre in South Africa began July 1999.

 

2002 – Wackenhut Corporation Acquired

Group 4 Falck (now G4S) merges with The Wackenhut Corporation (WTC) and becomes the indirect owner of majority stake in WCC.

 

2003 – Sale of UK Joint Venture

Completes sale of interest in UK joint venture PCGL as a means to facilitate the opportunity to pursue further independent growth in the UK.

 

2003 – Independence Day

Completes repurchase of majority stake, 12 million shares of WCC common stock, from G4S. This historic transaction transformed WCC from a corporate subsidiary into a fully independent company with full access to the capital markets.

 

2003 – WCC to GEO

Officially changes name to The GEO Group, Inc. (GEO).

 

2003 – Florida Top Public Company

GEO is named a Florida Trend Magazine's Top 250 Public Company. A position still proudly held today.

 

2003 – International Standards

GEO's Kutama Sinthumule Correctional Centre in South Africa became the first prison on the continent to obtain the International Standard Organization 9001:200 certification for the South African Bureau of Standards.

 

2004 – GEO UK

GEO reestablishes subsidiary, The GEO Group UK Ltd, in order to pursue new business opportunities in England, Scotland and Wales – the second largest private correctional market in the world.

 

2005 – CSC Acquisition

GEO acquires Sarasota-based Correctional Services Corporation (CSC). Acquisition added 15 adult correctional facilities and others under development with a design capacity of approximately 8,000 beds in North America.

 

2007 – CentraCore Properties Trust (CPT) Acquisition

GEO acquires CPT. This merger resulted in the ownership of 13 correctional facilities totaling over 8,000 beds. 

 

2007 – Secure Transport

GEO establishes in-house transportation division, GEO Transport, Inc. to help meet its customers' increasing need for secure transportation services for offender and detainee populations.

 

2009 – Just Care, Inc.

GEO's former wholly-owned subsidiary, GEO Care, acquires Just Care, Inc. a medical and mental health service provider.

  

2010 – Cornell Acquisition

GEO acquires Cornell Companies. This merger resulted in a combined company with approximately $1.5 billion in annual revenues and approximately 78,000 beds under management, development and/or ownership.

 

2011 – Acquisition of BI Incorporated

GEO acquires BI Incorporated, a private provider of innovative compliance technologies, industry-leading monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants.

 

2013 – Real Estate Investment Trust

GEO begins operating as a Real Estate Investment Trust having completed all the necessary restructuring steps, including the divestiture of its healthcare facility operations under its former wholly-owned subsidiary, GEO Care, on December 31, 2012.

 

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