Who created the Geo company?
Sophia Koch
Updated on January 09, 2026
George Zoley
GEO Group
| Type | Public company |
|---|---|
| Founder | George Zoley |
| Headquarters | Boca Raton, Florida, U.S. |
| Area served | United States Australia South Africa United Kingdom |
| Key people | Jose Gordo, CEO George Zoley, Executive Chairman Brian R. Evans, CFO |
What does Geo Group Inc do?
Global Leader in Evidence-Based Rehabilitation The GEO Group is committed to providing leading, evidence-based rehabilitation programs to individuals while in-custody and post-release into the community through the GEO Continuum of Care®.
What does geo mean in jail?
(GEO), formerly known as Wackenhut Corrections Corporation, “is the world’s leading provider of correctional, detention, and community reentry services,” according to its corporate website, operating 73 facilities with approximately 81,000 beds worldwide, of which 66 facilities and approximately 73,400 are in the U.S. …
How many prisons does CoreCivic own?
CoreCivic manages more than 65 state and federal correctional and detention facilities with a capacity of more than 90,000 beds in 19 states and the District of Columbia.
Is Geo stock a buy or sell?
The GEO Group has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Do they still make Geo Metros?
1997 – The last year for the Geo brand. The Metro returned in 1998 with a Chevrolet nameplate. General Motors announces that the Metro would not be included in the 2002 Chevrolet model lineup. CAMI Automotive manufactures the last Metro, a red sedan, on April 26, 2001.
Will Geo group go out of business?
GEO Group is not in danger of going out of business, at least not anytime soon, but in the very first days of President Joe Biden’s new administration, he ordered the Justice Department not to renew its contracts with private prison operators like GEO Group and peer CoreCivic.
What are the pros and cons of private prisons?
The advantages of private prisons include lower operating cost, controlling the population of prisoners, and the creation of jobs in the community. The disadvantages of private prisons include a lack of cost-effectiveness, a lack of security and safety concerns, poor conditions, and the potential for corruption.
What is the root Geo?
Geo- is a prefix derived from the Greek word γη or γαια, meaning “earth”, usually in the sense of “ground or land”.
How do US prisons make money?
In order to make money as a private prison, the corporation enters into a contract with the government. A private prison can offer their services to the government and charge $150 per day per inmate. Generally speaking, the government will agree to these terms if the $150 is less than if the prison was publicly run.
Where are the headquarters of the GEO Group?
The headquarters of the GEO Group in Boca Raton, Florida
When did GEO Group acquire Correctional Services Corporation?
In 2005, the GEO Group acquired Correctional Services Corporation (CSC) for US$62 million in cash, and assumed $124 million of that company’s debt.
What are the different types of GEO Group facilities?
GEO Group facilities include prisons of all three security levels, immigration detention centers, minimum-security detention centers, and mental-health and residential-treatment facilities.
How many community education centers does GEO Group own?
In summer 2018, this subsidiary received media attention for the $500 million in contracts it has received from ICE since 2004. GEO announced the closing of its $360 million cash purchase of Community Education Centers on April 4, 2017. CEC owned or managed more than 12,000 beds in the U.S. This included over 7,000 community re-entry beds.
