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.

Photo by Damir Spanic on Unsplash

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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Disclosure: None.