Public Policy Holding Company, Inc. 8K

PPHC acquired Florida-based government relations firm The Advocacy Partners for $20.4 million upfront plus up to $54.6 million in earnouts, expanding its U.S. state lobbying presence and adding immediately earnings-accretive, high-margin operations.

Public Policy Holding Company, Inc. (PPHC) announced that it has completed the acquisition of The Advocacy Partners (TAP), a leading Florida government relations firm, for initial consideration of $20.4 million (comprised of $18.36 million in cash and $2.04 million in newly issued common shares) effective August 1, 2026, with potential additional earnout payments of up to $54.6 million through 2030 contingent on profit growth, for a maximum aggregate consideration of $75 million; TAP, which generated unaudited 2025 net revenues of $9.5 million and profit before tax of $4.6 million (a 48% margin), will retain its brand and leadership under co-founders Slater Bayliss and Stephen Shiver, and the deal is described as immediately earnings-accretive and strategically important in expanding PPHC’s state-level lobbying footprint in Florida.

Filing Facts

CIK

1903508

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-051520

Alert Tier

7