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The GEO Group history
The GEO Group company history timeline
Wackenhut Corrections Corporation (WCC) was formed as a division of The Wackenhut Corporation (TWC) in 1984.
1987 – First Contract Award After 3 years, WCC was awarded 1st contract: the Aurora ICE Processing Center.
1988 – The Wackenhut Corporation and Wackenhut Corrections Corporation combine WCC was incorporated as a wholly owned subsidiary (a company that is completely or partly owned and partly or wholly controlled by another company that owns more than half of the subsidiary’s stock) by of TWC.
1992 – WCC Beings to Develop it’s own Version of Jails, Prisons and Detention Centers.
1993 – WCC received it’s first Australian contract ACM, a subsidiary of Wakenhut Corrections Cooptation, was awarded its first Australian contract: the Junee Correctional Center.
1994- WCC Beings to Run Operations at Texas’ Coke County Juvenile Justice Center 1994– WCC enters the Stock Market WCC’s shares are sold to the general public for the first time.
1996 – WCC Enters the New York Stock Exchange WCC enlisted on the New York Stock Exchange under ticker symbol WHC. The are now trading under ticker symbol GEO. 1996 – WCC Completes 2 for 1 Stock Split In June, WCC completed a two-for-one stock split creating 22 million outstanding shares.
1997 – First Psychiatric Health Care Contract Geo Care buys its first psychiatric hospital: Atlantic Shores Hospital.
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 – GEO Design Services, Inc. is created Wholly-owned subsidiary GEO Design Services Inc. (GDSI) is formed, becoming the only for-profit prison/detention/mental health company to have an in-house design team.
August 1999 – Wakenhut Partially to Blame for New Mexico Riot because of Lack of Staffing, Inexperienced Supervisors, Low Pay and High Turn-Over In New Mexico, state consultants concluded in a 500-page report that Wackenhut was partially at fault for a riot in August of 1999.
1999 – South Africa Goes Private SACS awarded the first privatized correctional centre in South Africa.
April 26, 2001 – Horrific and gruesome death of Gregorio de la Rosa, Jr. (“Gregorio”) Gregorio takes place.
2003 – Sale of Premier Custodial Group Ltd. (PCGL), WCC’s UK arm WCC sells PCGL.
A little more information on CSC: http://en.wikipedia.org/wiki/Correctional_Services_Corporation 2005 – GEO Reaches ownership of 58 Facilities The completion of GEO’s CSC acquisition was finalized in November 2005.
To learn more about how CentraCore operates, and how it helps GEO group and it’s shareholders evade federal income tax: http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=402933 2007 – GEO establishes GEO Transport Inc.
In 2009 GEO appealed the court’s decision and a verdict of $42.5 million was upheld.http://en.wikipedia.org/wiki/Geo_Group
2010 – GEO Merges with Cornell Cornell Companies GEO signs a definitive merger agreement to acquire Cornell Companies.
July 2012- Two Undocumented Youth Turn themselves in to be Detained so they can Report on Conditions in GEO Group’s Broward Transitional Center GEO’s Broward Transitional Center, a 720-bed facility in Pompano Beach, Florida, is the only privately owned immigration detention center in Florida.
On, January 26, 2015 GEO announced the acquisition of eight facilities totaling 6,500 beds from LCS Correction Services.
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.
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The GEO Group may also be known as or be related to GEO Corrections and Detention LLC, GEO Corrections and Detention, LLC, Geo Corrections and Detention LLC, Geo Group, The GEO Group, The GEO Group Inc., The GEO Group, Inc. and The Geo Group Inc.