GEO Expands Southeast Footprint with New Florida Detention Contract

The Geo Group is one of the oversold mid-cap stocks to buy according to hedge funds. On October 2, 2025, The Geo Group (NYSE:GEO) announced it had entered into a joint venture with another contractor to manage the 1,310-bed North Florida Detention Facility in Baker County.

According to the company’s 8-K filing, the facility will operate under contract with the state of Florida, with GEO designated as the lead manager. This marks a notable expansion of GEO’s presence in the region and adds to its already substantial managed capacity in the southeastern U.S.

The announcement comes ahead of GEO’s third-quarter earnings report, which is scheduled for release on November 6, 2025. While the company has not publicly detailed when operations will commence, the new contract could emerge as a key talking point in the upcoming earnings call, especially as GEO works to reinforce long-term stability in a sector facing regulatory and political headwinds.

The Geo Group (NYSE:GEO) is a Florida-based correctional services company that manages prisons, detention centers, and reentry programs across the U.S. and internationally. Though formerly structured as a REIT, GEO converted to a traditional C-corporation in 2022 and continues to contract with federal, state, and local agencies to operate secure facilities.

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