GovExec, the acquisitive US government news and contract leads company, has bought Market Connections, a research and analysis company in its ninth acquisition since becoming an independent company 18 months ago.
Market Connections has a staff of 10 who will join a new research division within GovExec including existing subsidiaries Leading Brands in Government and Government Business Council. GovExec revenues are surging from $20m in 2020 towards $50m this year with growth split equally between acquisitions and organic. The company is also reducing its dependence on lead generation as a source of revenue and pushing towards more paid content. Further growth may come from expansion into education.
