Partners Buy Media and Intelligence Firm GEMG

In the US, private equity firm Growth Catalyst Partners (GCP) has teamed up with Peter Goldstone, the former CEO of construction industry analyst Hanley Wood, to acquire a controlling stake in digital media, information and intelligence company GEMG from its former parent, Atlantic Media.

GEMG (Government Executive Media Group) provides editorial content, digital insights and intelligence, live and virtual events, marketing services and proprietary research - services used by more than two million federal, state and local government executives, as well as over 200 private sector partners. Atlantic Media Chairman and owner David Bradley, who has owned GEMG since 1997, will continue as a Board Member and investor; while Goldstone (pictured) will serve as Chairman of the Board; and Tim Hartman (CEO), Connie Sayers (President) and Tom Shoop (Editor-in-Chief) will continue to lead the firm.

As part of the deal, terms of which were not disclosed, GCP is providing additional funding to support GEMG's strategy to invest in acquisitions and partnerships that compliment its editorial brands, proprietary data and events. Goldstone comments: 'Partnering with GCP and the GEMG team presents an ideal opportunity for me to leverage a career of experience into a very exciting market partnership. This enables us to bring together capital, complementary skill sets and an extraordinary team in a market that is perfect for our investment strategy'.

Web sites: www.govexecmediagroup.com and www.growthcatalystpartners.com .