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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.
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
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