Shea & Company Advises GovOS on its Acquisition by Avenu Insights & Analytics
GovOS Profile
- GovOS is a leading provider of transaction and compliance software for state and local governments to streamline property, licensing and tax interactions with businesses and citizens.
- With the company’s secure suite of cloud-based solutions, governments can maximize revenue, increase compliance, reduce costs and meet constituent demand for modern, self-service transaction and payment services.
- Audax acquired GovOS in 2020 through its investment in Kofile Technologies, Inc. Audax spun GovOS out of Kofile in 2023, and over the past two years, recruited a dedicated management team, led by CEO Matt Coury, invested in infrastructure to support stand-alone operations, created an enterprise go-to-market organization and completed several acquisitions expanding the company’s product offering
- Headquartered in Austin, TX, GovOS serves more than 700 city, county and state agencies across the United States.
Audax Group Profile
- Audax Group is a leading alternative investment manager founded in 1999, with over 290 employees and 100 investment professionals across its headquarters in Boston and additional offices in San Francisco, New York, London and Hong Kong.
- Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth.
- Audax Private Equity has over $19 billion in assets under management as of March 2025 and has invested in more than 175 platforms and 1,400 add-on acquisitions.
- Through its disciplined Buy & Build approach across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations and significantly increasing equity value.
Avenu Profile
- Avenu Insights & Analytics provides integrated software and payments solutions that empower governments to modernize operations, drive efficiency and elevate the quality of services they provide to their communities.
- The company serves more than 4,500 local, state and federal customers across North America and offers innovative solutions spanning judicial, DMV, revenue compliance, public administration and integrated payments, seamlessly integrated on a unified cloud platform.
- The company is headquartered in Centreville, VA.
Arlington Capital Partners Profile
- Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government-regulated industries.
- The firm partners with founders and management teams to build strategically important businesses in the government services and technology, aerospace and defense and healthcare sectors.
- Since its inception in 1999, Arlington has invested in over 175 companies and is currently investing out of its $3.8 billion Fund VI.
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We’re proud of the partnership created with Matt and the entire GovOS team and commend them on their success building GovOS into a differentiated and value-added partner to state and local governments. We believe this is a great outcome for GovOS, Avenu, Audax and our investors, and we wish the entire team at GovOS the best as they pursue this next opportunity to build on their momentum as part of the Avenu platform.
Tim Mack
Partner, Audax
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We want to thank our partners at Audax, who were instrumental in helping GovOS not only launch as an independent company, but thrive and advance our mission to modernize the business of local and state governments. We are excited about this new opportunity and believe our combination with Avenu will only further drive innovation, efficiency and convenience in the public sector.
Matt Coury
CEO, GovOS
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The sale of GovOS marks the culmination of a tremendous growth story for the company and is an example of our ‘value agenda’ at work.
Iveshu Bhatia
Managing Director, Audax
Transaction Notes
- GovOS’s acquisition by Avenu Insight & Analytics was announced on August 13, 2025
- Shea & Company served as the lead financial advisor to GovOS and Audax Group