GovSpend, backed by Thompson Street and Endicott, completes Fedmine acquisition

Fedmine marks the first acquisition in history for GovSpend, a leading provider of government intelligence solutions.

Thompson Street Capital Partners- and Endicott Growth Equity Partners-backed GovSpend completed the acquisition of Fedmine. Fedmine, based in Rockville, Maryland, is a provider of detailed federal government contracting and spend intelligence solutions.

PRESS RELEASE

St. LOUIS (August 10, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, and Endicott Growth Equity Partners (EGEP), a New York-based investment firm, today announced their portfolio company GovSpend, a leading provider of government intelligence solutions, completed the acquisition of Fedmine, a provider of detailed federal government contracting and spend intelligence solutions headquartered in Rockville, Maryland. Terms of the transaction were not disclosed.

The founder-led-and-owned Fedmine (www.fedmine.us) was founded in 2004 and provides an advanced online database application containing integrated datasets uniquely curated to serve both industry and government organizations seeking decision-quality information on federal contracts and business opportunities.  The acquisition combines this powerful federal focused database with GovSpend’s proprietary state and local focused procurement, bid, contact, and contract data to give clients a comprehensive view into spending across all levels of government.

“Combining the proprietary and most advanced state and local solution with the leading SaaS platform of integrated federal spending data makes GovSpend the only company capable of providing industry and government with this data across the federal, state, and local levels,” said Ashok Mehan, Founder and CEO of Fedmine.

Jeff Rubenstein, CEO of GovSpend, said, “For nearly 20 years, Fedmine has provided best-in-class federal spend and procurement intelligence to help its government vendor clients better capture federal government business and to assist its government agency customers in meeting their own procurement goals.  With the addition of Fedmine, we are excited to be able to offer the deepest dataset on government spending, whether at the federal, state, or local level.”

Dan Cooper, Vice President, TSCP, added, “The acquisition of Fedmine – the first acquisition in GovSpend’s history – will allow GovSpend to provide the market with an unparalleled single source of government procurement intelligence.  Any company looking to sell into any level of the government can now rely on GovSpend’s data to compete more effectively.  We are thrilled that Fedmine is joining the GovSpend family.”

About Thompson Street Capital Partners

Thompson Street Capital Partners (www.tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the Life Sciences & Healthcare, Software & Technology, and Business and Consumer Services and Products sectors. Founded in 2000, the firm has acquired more than 150 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.

About Endicott Group and Endicott Growth Equity Partners

Founded in 1996, Endicott Group is a New York–based investment firm with deep private equity experience. Through Endicott Growth Equity Partners, L.P., the firm invests exclusively in technology-enabled, business-to-business companies providing critical data and analytics to companies across the globe. A value-added investor, EGEP brings considerable expertise to the information services sector and partners with management teams and other shareholders to build strong companies that realize their growth potential and maximize value. For more information: www.endicottgp.com.