Law360 (May 25, 2018, 8:06 PM EDT) -- The private equity firm that owns prominent prison-phone operator Securus Technologies Inc. may be acquiring one of its dominant competitors from TKC Holdings Inc., recent documents filed with several state public utility commissions indicated.
According to public records, Securus has notified at least five states that it is looking to gain control of Inmate Calling Solutions LLC. Platinum Equity LLC, which holds a majority stake in Securus, would ultimately be the new owner, the merger documents say.
The companies filed papers announcing the possible transaction in Maryland, West Virginia, Ohio, Arizona and New York from May 17 to 24. However, as of...
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