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Public Policy Holding Company has acquired Alexandria-based Multistate Associates, a local and state government relations shop with 77 staffers, for $22M.
The deal expands PPHC’s reach into each of the 50 states and bolsters its research and compliance capabilities.
Multistate, which serves more than 300 corporate clients, is marking its 40th anniversary.
CEO James Crosby said the acquisition shows that “federal and state policy issues are evermore interdependent and require the professionalism and seamless integration that only PPHC and Multistate now offer.”
Washington-based PPHC, which trades on the London Stock Exchange, houses brands such as Seven Letter, Crossroads Strategies, Forbes Tate Partners, Alpine Group Partners, O’Neill & Associates and KP Public Affairs.
CEO Stewart Hall remains in the hunt for more deals to broaden the firm’s geographical footprint, both in the US and overseas, and its client offering in the strategic communications sector.
Searle & Associates advised Multistate on the PPHC deal.
Miami’s Newlink Group has acquired Italy’s EJ to strengthen its position in southern Europe, where it has offices in Madrid and Barcelona.
Hodges Partnership co-founders Jon Newman and Josh Dare are selling the Richmond-based firm to four senior VPs who will assume ownership of the shop over the next couple of years.
Interluxe Group, luxury experiential shop, and North & Warren digital-first media agency, have acquired Quinn, the strategic communications shop that services upscale brands.
H/Advisors Abernathy and FGS Global work Keurig Dr Pepper $18B deal to acquire coffee company JDE Peet's. The coffee brands will then be spun off as a separately traded public company.
Shamrock Capital has acquired Penta Group, stakeholder communications firm, from Falfurrias Management Partners.
