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Falfurrias Capital Partners has acquired a majority stake in Hamilton Place Strategies, the DC lobbying firm launched by former George W. Bush administration veterans Tony Fratto and Stuart Siciliano.
With the investment, HPS and its Flag Media Analytics unit will merge with FCP’s Ballast Research operation.
Fratto, who was assistant press secretary at the White House, said Ballast “brings unmatched data and insights to understanding issues and the impact of advocacy on policy-making” to HPS.
Alex Jutkowitz, Ballast executive chairman and former US CEO at Hill+Knowlton, will chair the new venture.
He said the new platform would provide CEOs a new depth of understanding of issues and strategy required to deal with increased public scrutiny and demands for accountability.
Charlotte-based FCP is the firm of former BankAmerica CEO Hugh McColl and CFO Marc Oken.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
