Private equity firm Growth Catalyst Partners and Peter Goldstone, former CEO of real estate media firm Hanley Wood, have teamed up to acquire a significant stake in Atlantic Media’s Government Executive Media Group and establish a data-driven platform focused on serving federal, local and state government contractors and executives.
Goldstone, a business-to-business data industry veteran, will serve as chairman of the board of GEMG and David Bradley, owner and chairman of Atlantic Media, will continue to serve as a board member and investor in GEMG, the companies said in a joint release published Tuesday.
GEMG is a digital media, intelligence and information company with four editorial brands – Government Executive, Defense One, Nextgov and Route Fifty – providing editorial content, virtual and live events, proprietary research, marketing support and digital insights to over 2M federal, local and state government leaders and over 200 vendor partners in the private sector.
“This new partnership is going to fuel our growth and enable us to make investments in new products and strategic acquisitions, and author new groundbreaking industry partnerships, all as a fast-moving, independent company,” said GEMG CEO Tim Hartman.
Scott Peters, co-founder of GCP, said the company is excited to partner with Goldstone, Hartman and the team to expand their market share and footprint in the public sector and build up more services through acquisitions and organic growth efforts.
Hartman, Connie Sayers, president of GEMG, and Tom Shoop, editor-in-chief, will continue to lead GEMG.