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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.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
