has been acquired by

JCS is a leading provider of
outsourced probation services.

The undersigned acted as financial advisor to JCS in this Transaction

Judicial Correction Services


Judicial Correction Services (“JCS”) is a leading provider of outsourced probation services in the Southeast. The Company serves over 150 city and county governments in Georgia, Florida, Alabama, and Mississippi.


The Company approached Croft & Bender after it received a preemptive offer to be acquired by a strategic buyer. Croft & Bender was engaged to evaluate the initial offer, potentially approach other possible buyers to “market check” the initial offer, and negotiate the transaction.


Croft & Bender successfully negotiated and restructured the valuation and terms of the initial offer from the strategic buyer to satisfy the Board’s objectives, which included increasing the overall valuation and structuring the transaction as an all cash deal.