SPACs
Prison Phone Company Securus Is in SPAC Merger Talks
- Talks between SPAC and Securus owner Platinum in early stages
- Securus has been a controversial investment for Gores
Photographer: John Moore/Getty Images
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Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies Inc., and is in talks to take it public through a merger with a blank-check company, according to people with knowledge of the matter.
Atlantic Avenue Acquisition Corp., formed by middle-market lender MC Credit Partners, has approached Platinum about a potential deal to merge with Securus, said the people, who asked not to be identified because the discussions are private.