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Public Policy Group Holdings chalked up 27 percent growth to $65.7M during the first half as CEO Stewart Hall used an aggressive M&A strategy to supplement organic growth, which rose 4 percent during the period.
It acquired MultiState Assocs. in March, which now gives the government relations/PA holding company seven operating entities, including Crossroads Strategies, O’Neill & Assocs., Seven Letter and Alpine Group Partners.
Hall sees acquisitions as a way “to effectively diversity the client offering into new areas while increasing our geographic reach.”
He views PPHC as “a natural sector consolidator” with a pipeline of acquisition opportunities in the US, UK and Continental Europe.
PPHC firms added General Electric, The Aluminum Assn., Hertz, Morton’s Salt, Life Science Logistics and Veterinary Medical Assn. to their client lists during the first-half.
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."
