GovExec
GovExec (founded as Government Executive Media Group) is a media, marketing, research, and events company based in Washington, D.C. It has been called "a leading information services company for government leaders and contractors."[1]
"Prior to GovExec, there hasn't been one media company that has tried to bundle all of the content and services that serve public sector officials in one place," Axios wrote in 2021.[2]
As of 2022, GovExec is led by Constance Sayers, its president and publisher, and Tim Hartman, its chief executive officer. Its publications are led by Heather Kuldell, the organization's editor-in-chief.
History[edit]
The company was founded in March 2020 when Atlantic Media spun off its Government Executive Media Group division, which consisted of four news websites—Government Executive, Nextgov, Defense One, and Route Fifty—plus an associated events division and the Studio 2G content marketing division.[3] In the year before the sale, the GEMG division had revenue of about $20 million.[4] Atlantic Media sold majority ownership of GEMG for an undisclosed sum to Growth Catalyst Partners, a middle-market private-equity firm formed in 2017.[4][5]
The newly independent company soon began to acquire other companies, including news organizations that cover federal, state, and local governments; and providers of market information to government contractors.[6]
In December 2020, GEMG acquired The Atlas for Cities, which TechCrunch described as a "market intelligence platform connecting tech companies with state and local governments."[7]
In January 2021, the company acquired City & State, a local news organization based in New York and Pennsylvania.[8]
In 2021, GEMG renamed itself GovExec, which had formerly been a nickname for the Government Executive publication.[9][10]
In August 2021, the company acquired GovTribe, a company that helps government contractors find federal government contracts to bid on.[11][12]
In September 2021, GovExec acquired Market Connections, a leading government-market-research firm. It was the company's ninth acquisition since its spinoff. "Deals have become a key part of GovExec's growth strategy, as it looks to build the dominant media company that serves public sector workers," Axios wrote. "The company's business model revolves around providing three types of services: data and research, tools to mine that information and insights to analyze it."[2]
That same month, GovExec acquired the Public Sector 360 media group[13], which included the three-decade-old Federal Computer Week and Washington Technology news organizations.
In January 2021, GovExec acquired the Tallahassee-based News Service of Florida.[14][15]
References[edit]
- ↑ McCormick, William (2021-08-31). "Government Executive Continues Industry Consolidation Effort". executivegov.com. Retrieved 2022-06-08.
- ↑ 2.0 2.1 Fischer, Sara (2021-09-14). "Exclusive: GovExec completes 9th acquisition as revenues double". Axios. Retrieved 2022-06-08.
- ↑ "Government Executive Media Group rebrands its content marketing division as Studio 2G". Retrieved 2022-06-03.
- ↑ 4.0 4.1 Silber, Tony. "Government Executive Media Group Acquired By Private-Equity Firm Growth Catalyst Partners". Forbes. Retrieved 2022-06-03.
- ↑ Jerde, Sara (March 17, 2020). "Atlantic Media Sells Off Government Executive Media Group". Adweek. Retrieved 2022-06-08.
- ↑ Perlberg, Steven. "Government Executive built a profitable media company after spinning off from Atlantic Media last year. Now it's on the hunt for acquisitions". Business Insider. Retrieved 2022-06-08.
- ↑ "Govtech intelligence platform, The Atlas for Cities, bought by Government Executive Media Group". TechCrunch. Retrieved 2021-04-29.
- ↑ Kelly, Keith J. (2021-01-04). "DC media group buys NY publication City & State, plans expansion". New York Post. Retrieved 2021-04-29.
- ↑ "Government Executive Media Group Rebrands to "GovExec"". about.govexec.com. Retrieved 2022-06-03.
- ↑ Perlberg, Steven. "Government Executive built a profitable media company after spinning off from Atlantic Media last year. Now it's on the hunt for acquisitions". Business Insider. Retrieved 2022-06-08.
- ↑ Cordell, Carton (August 11, 2021). "GovTribe, one of federal contractors' favorite procurement tracking tools, has been sold". www.bizjournals.com. Retrieved 2022-06-08.
- ↑ staff, Michaela Althouse / (2021-09-02). "M&A Moves: Following Inc. 5000 recognition, DC's Data Society acquired consulting firm Restless Creation". Technical.ly. Retrieved 2022-06-08.
- ↑ "GovExec Acquires 1105 Media's Public Sector 360 Group". WashingtonExec. 2021-09-01. Retrieved 2022-06-08.
- ↑ Democrat, Tallahassee. "Tallahassee-based News Service of Florida sold to GovExec media group". Tallahassee Democrat. Retrieved 2022-06-08.
- ↑ Fineout, Gary. "DeSantis' Covid-19 mystery". POLITICO. Retrieved 2022-06-08.
External links[edit]
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