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 correctional services to government agencies.
1987
First Contract Award
Receives first contract award, the Aurora Processing Center, providing secure residential care, 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, and correctional services. (The joint venture was discontinued by mutual agreement in 2003).
1993
Australian Milestone
Wholly-owned subsidiary ACM was awarded its first contract to design, build, and operate the Junee Correctional Centre 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®.
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
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.
2006
New Ticker Symbol: GEO
GEO’s NYSE ticker symbol was changed from GGI to GEO to further strengthen the company’s corporate identity.
2007
CentraCore Properties Trust (CPT) Acquisition
GEO acquires CPT. This merger resulted in the ownership of 13 additional 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.
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.
2012
The First GEO Continuum of Care Site is Established
In 2012, GEO’s Riverbend Correctional Facility was selected as the first site to begin development of the “GEO Continuum of Care” program. Riverbend Correctional Facility started providing enhanced evidence-based programming and rehabilitation.
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.
2014
GEO Awarded Contract for Ravenhall Prison
GEO-led Consortium awarded PPP Contract for the financing, development and operation of 1,300-Bed Ravenhall Prison in Australia. The new Ravenhall Facility will provide unprecedented levels of in-prison and post-release programs aimed at reducing reoffending rates under the “GEO Continuum of Care.”
2015
LCS Acquisition
On, January 26, 2015 GEO announced the acquisition of eight facilities totaling 6,500 beds from LCS Correction Services.
2017
CEC Acquisition
In April 2017, GEO completed the acquisition of Community Education Centers (CEC). CEC owns and/or manages over 12,000 beds nationwide. Following the acquisition, GEO will own and/or manage approximately 100,000 beds worldwide including more than 10,000 community reentry beds, making GEO the 5th largest correctional organization in the world.
2018
GEO Continuum of Care Receives Prestigious "Innovation in Corrections" Award
The American Correctional Association Correctional Awards Committee selected the “GEO Continuum of Care” program at the Graceville Correctional and Rehabilitation Facility in Florida as the ACA 2018 “Innovation in Corrections” awardee.
2019
The GEO Group Publishes First-Ever Human Rights and ESG Report
The report builds on GEO’s Global Human Rights Policy, adopted in 2013, by providing disclosures on how GEO informs its employees of the company’s long-standing commitment to respecting human rights.