Mergers & Acquisitions ·
Public Policy Holding Company, Inc. completed the acquisition of The Advocacy Partners (TAP), a Florida-based…
PPHCPublic Policy Holding Company, Inc.
Public Policy Holding Company, Inc. completed the acquisition of The Advocacy Partners (TAP), a Florida-based government relations firm, on August 1, 2026. The transaction carries an initial consideration of $20.4 million, funded by $2.04 million in new common shares and $18.36 million in cash from the company's balance sheet. Maximum aggregate consideration could reach $75 million if TAP achieves approximately 35% compound annual profit growth through 2030, with potential earnout payments of up to $54.6 million payable via a mix of cash and equity after the end of 2030. TAP reported unaudited net revenues of $9.5 million and a 48% pre-tax margin for the year ended December 31, 2025. The acquisition is immediately earnings accretive and expands PPHC's U.S. state government relations capabilities in Florida. Public Policy Holding Company operates as a global strategic communications provider offering government relations, public affairs, and corporate communications services.