Thompson Street Capital Partners has acquired GovSpend to enhance its offerings in government procurement intelligence solutions.

Target Information

Thompson Street Capital Partners (TSCP), a private equity firm located in St. Louis, has announced its partnership with management to acquire GovSpend, a prominent company based in Deerfield Beach, Florida. Established in 2011, GovSpend specializes in providing government intelligence solutions that serve a wide range of government vendors and agencies. The financial terms of this transaction have not been made public.

GovSpend offers a robust web-based platform that grants its clients access to extensive purchase order data, bids and RFPs, contracts, and contacts, accumulating nearly one billion records from around 30,000 government agencies at the local, state, and federal levels. For governmental bodies, GovSpend's comprehensive database facilitates essential procurement activities such as vendor sourcing, price benchmarking, and co-procurement. Meanwhile, government vendors benefit from GovSpend's subscription services that provide competitive intelligence, assist with sales planning, aid in responding to RFPs, and enhance agency outreach efforts.

Industry Overview in the U.S.

The government procurement industry in the United States is a vast and sophisticated sector, driven by a significant amount of spending—over $1 trillion annually. This market includ