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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.
Columbus-based Geben Communications has acquired New York’s LBR/PR, which handles professional services, consumer products, luxury and health/wellness clients.
FINN Partners has acquired Honner, a 25-member Sydney shop that serves the financial communications and corporate sectors. The move bolsters FINN’s APAC team to about 250 members.
Public Policy Holding Company has acquired London-based Tancredi Intelligent Communication for $10.8M, of which $9.6M is in cash and the balance in stock.
Infinite has acquired Greentarget UK B2B communications shop, a move that doubles its footprint in the London market.
Accenture has acquired Whalar, which had billed itself as the “world’s leading independent creator and social agency,” from Whalar Group.
