Founded in 2000 and based in El Segundo, California, NEOGOV provides human capital management and public safety solutions to nearly 10,000 public sector organizations across North America. The company’s cloud-native suite supports the full employee lifecycle, from recruitment and onboarding to performance and compliance management, helping agencies align with local policies and regulations. EQT and CPP Investments have announced an agreement to acquire NEOGOV, subject to customary approvals. “Local governments are the backbone of our communities. Our mission is to help them operate more efficiently and serve citizens more effectively,” said Shane Evangelist, CEO of NEOGOV, adding that advancing product development and AI capabilities will be key priorities.
EQT’s Arvindh Kumar praised NEOGOV’s leadership, stating, “The team brings a deep understanding of the challenges that public sector agencies face, and we’re proud to support a company that has earned such trust in the public sector.” Tyler Parker of EQT noted the company’s strong customer loyalty, while CPP Investments’ Managing Director and Head of Direct Private Equity, Sam Blaichman, highlighted NEOGOV’s growth potential due to rising demand across North America. The acquisition aims to modernize public sector operations and expand technology offerings to improve efficiency and compliance for agencies. Completion of the transaction is expected in the coming months.