Management & Training Corporation has signed an agreement to buy Ventia’s 50 per cent interest in the MTC-Broadspectrum Joint Venture.
The MTC-Broadspectrum Joint Venture operates Parklea Correctional Centre in Western Sydney.
This sale is subject to a number of conditions being met, but is expected to be complete on 1 October 2022.
Employees at Parklea Correctional Centre will be offered employment with MTC on the same conditions they are currently employed on.
MTC Australia Managing Director Troy Ittensohn said the purchase was part of the company’s strategy to grow its corrections and training business in Australia.
“MTC has been providing education and training, medical, economic and social development programs and correctional services for more than 40 years, firstly in the Unites States and more recently in the United Kingdom and Australia,” Mr Ittensohn said.
“Our joint venture with Broadspectrum enabled us to expand into the Australian corrections sector and now as MTC Australia we aim to continue growing our business in this area.
“We are a leader in providing effective rehabilitation programs and services to men and women in the United States, the United Kingdom, and Australia, which enables us to make their time in prison more productive and reduce re-offending.
“We promote a caring culture for change in all our centres based on safety, respect and dignity, which includes MTC’s BIONIC philosophy (Believe It Or Not I Care).
“Our staff play an important role in achieving these goals and we look forward to continuing this work with our staff at Parklea under the MTC Australia banner.”
MTC operates 21 Job Corps centres, 21 correctional facilities, 12 prison and detention medical departments, three community release centres, five detention centres, and two workforce development sites worldwide with a mission to help improve people’s lives. MTC is headquartered in Centerville, Utah and employs nearly 9,000 people.
MTC-Broadspectrum began operating Parklea Correctional Centre on behalf of Corrective Services NSW in 2019. MTC Australia will continue to deliver prison management services under the existing seven-year contract, which includes a five-year extension option.