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Castle Harlan Said in Talks to Sell Securus for $640 Million

Buyout firm Castle Harlan Inc. is in talks to sell Securus Technologies Inc., the provider of video and audio communication equipment for U.S. prisons, for about $640 million, said people familiar with the matter.

Castle Harlan is negotiating to sell the company to private-equity firm ABRY Partners LLC, said the people, who asked not to be named because the process is private. Boston-based ABRY, which manages $3.5 billion, is seeking to raise $490 million to help finance the purchase and pay down existing debt, said one of the people.