On the Record · Maximus
Maximus acquisitions, on the record
The businesses Maximus bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
VES Group, Inc. (VES)Word for word“On May 28, 2021, we acquired 100 % of VES for a purchase price of $ 1.37 billion (the "VES Acquisition").” 10-K for 2023 | acquisition | On May 28, 2021 | $ 1.37 billion |
The Federal division of Attain, LLC (Attain)Word for word“On March 1, 2021, we acquired 100 % of Attain for a cash purchase price of $ 419.1 million.” 10-K for 2023 | acquisition | On March 1, 2021 | $ 419.1 million |
Aidvantage (student loan servicing business from Navient)Word for word“On October 6, 2021, we completed the acquisition of the student loan servicing business from Navient, rebranded as Aidvantage.” 10-K for 2023 | acquisition | On October 6, 2021 | — |
Stirling Institute of Australia Pty Ltd (Stirling)Word for word“On June 1, 2022, we acquired 100 % of the share capital of Stirling for an estimated purchase price of $ 4.1 million (A$ 5.7 million Australian Dollars).” 10-K for 2023 | acquisition | On June 1, 2022 | $ 4.1 million (A$ 5.7 million Australian Dollars) |
BZ Bodies Limited (BZB)Word for word“On January 31, 2022, we acquired 100 % of the share capital of BZB for a purchase price of $ 2.5 million (£ 1.9 million British Pounds), which includes an estimate of contingent consideration payable upon future performance.” 10-K for 2023 | acquisition | On January 31, 2022 | $ 2.5 million (£ 1.9 million British Pounds) |
Connect Assist Holdings Limited (Connect Assist)Word for word“On September 14, 2021, we acquired 100 % of the share capital of Connect Assist Holdings Limited ("Connect Assist") for a purchase price of $ 20.8 million (£ 15.5 million British Pounds).” 10-K for 2023 | acquisition | On September 14, 2021 | $ 20.8 million (£ 15.5 million British Pounds) |
A small commercial practice in the United KingdomWord for word“On March 6, 2023, we sold a small commercial practice in the United Kingdom, part of our Outside the U.S. Segment, resulting in a pre-tax loss of $ 0.6 million.” 10-K for 2023 | divestiture | On March 6, 2023 | — |
Swedish subsidiary (employment operations in Sweden)Word for word“On March 30, 2023, we sold our Swedish subsidiary, which is part of our Outside the U.S. Segment, for cash consideration of $ 0.4 million, resulting in a small loss.” 10-K for 2023 | divestiture | On March 30, 2023 | $ 0.4 million |
Businesses in Italy and Singapore, and part of the business in CanadaWord for word“Subsequent to September 30, 2023, we sold our businesses in Italy and Singapore, as well as part of our business in Canada.” 10-K for 2023 | agreed divestiture | Subsequent to September 30, 2023 | — |
part of an IT services vendorWord for word“On February 14, 2024, we acquired part of a vendor who has performed IT services for us over several years for cash consideration of $ 18.0 million.” 10-K for 2024 | agreed acquisition | February 14, 2024 | $ 18.0 million |
student loan servicing business from Navient, rebranded as AidvantageWord for word“On October 6, 2021, we completed the acquisition of the student loan servicing business from Navient, rebranded as Aidvantage.” 10-K for 2024 | acquisition | October 6, 2021 | — |
businesses in Italy and Singapore, and employment services business in CanadaWord for word“In November 2023, we sold our businesses in Italy and Singapore, as well as our employment services business in Canada, recording a loss on sale of $ 1.0 million.” 10-K for 2024 | divestiture | November 2023 | — |
commercial practice in the United KingdomWord for word“In March 2023, we sold our commercial practice in the United Kingdom, resulting in a pre-tax loss of $ 0.6 million.” 10-K for 2024 | divestiture | March 2023 | — |
Swedish subsidiaryWord for word“In March 2023, we sold our Swedish subsidiary for cash consideration of $ 0.4 million, resulting in a small loss.” 10-K for 2024 | divestiture | March 2023 | $ 0.4 million |
businesses in Australia and KoreaWord for word“In December 2024, we sold our businesses in Australia and Korea for a nominal sum.” 10-K for 2025 | divestiture | In December 2024 | a nominal sum |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-09-30 | $46.7 million | $5.5 million | $21.5 million |
| 2017-09-30 | $2.7 million | $1 million | — |
| 2018-09-30 | $0 | $0 | — |
| 2019-09-30 | $436.8 million | $0 | — |
| 2020-09-30 | $7.1 million | $3.3 million | $7.7 million |
| 2021-09-30 | $1.8 billion | $0 | $1.18 billion |
| 2022-09-30 | $14.3 million | $0 | $13.7 million |
| 2023-09-30 | $0 | $9.7 million | — |
| 2024-09-30 | $0 | $3.1 million | — |
| 2025-09-30 | — | $5.1 million | — |
Deal filings since 2016
- 2026-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Maximus’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.