Maximus announces divestiture in Outside the U.S. Segment
Today we announced we've completed the divestiture of employment services operations in Italy, Singapore, and Canada. The purchaser, Angus Knight, is a global provider of employment, community, and education services.
With the transaction, over 250 employees are joining Angus Knight to enable a seamless transition of operations for the respective government customers.
“This transaction represents an important step in our ongoing optimization of the Outside the U.S. portfolio to deliver consistent profitability and improve alignment with the broader Maximus strategy,” said Bruce Caswell, President and Chief Executive Officer. “We are pleased to continue our valued relationship with Angus Knight in completing this transaction, knowing they offer an excellent home for our former colleagues.”
The combined annual revenue run-rate for the three entities under Maximus was approximately $30 million.