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Dan Primack May 17, 2017
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Prison phone operator is switching hands

Platinum Equity is in advanced talks to acquire Securus Technologies, a Dallas-based provider of phone services to U.S. prisoners, from private equity firm ABRY Partners for nearly $1.5 billion (including debt), according to Reuters.

Macro: For all the debate over private vs. public prisons, the reality is that both employ a variety of for-profit vendors like Securus.