GovExec
GovExec expects to make more than $30 million in revenue this year.
The company has a profit margin north of 20%, its chairman said.
GovExec acquired City & State and is now looking to make more purchases.
A year ago, employees at Government Executive Media Group got the kind of news that workers in the media industry have come to fear: the company was spinning off from its longtime owner Atlantic Media and would now be controlled by a little-known private equity firm.
Far from making cuts, however, the company — whose publications cover the inner workings of the federal government — has expanded, growing from 80 to 160 employees. It made about $20 million in revenue last year, with the goal of bringing in more than $30 million this year, according to CEO Tim Hartman.