Atlantic Media sold off Government Executive Media Group (GEMG), a collection of brands that covers the public sector, in a deal announced today. Financial terms were not disclosed.
The publications, including sites like govexec.com, defenseone.com and routefifty.com, will now be run by Growth Catalyst Partners, a private equity firm based in Chicago. The group will bring on all employees, including current GEMG CEO Tim Hartman, who will keep his title.
“We’re really excited about this because it means we can provide a better service to our core readership base and strengthens our capabilities to work with the advertisers who work with us every day,” Hartman told Adweek.
GEMG didn’t have plans to sell until it was approached by Growth Catalyst Partners, which already has investments in video production, risk management and music education companies, according to Hartman.
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