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Public Policy Holding Company reports 1H revenue rose 23.6 percent to $87.9M and net income jumped 19.9 percent to $15.6M.
Organic revenues rose 7.6 percent, sparked by a rebound in the PA and corporate communications sectors following the conclusion of the US elections.
The acquisition of Texas-based Trailrunner International, which is headquartered in the world's No. 8 economy, bolstered PPHC’s crisis and reputation management, financial and legal communication. Those capabilities provide new revenue streams via referrals and joint ventures with other PPHC companies.
“PPHC is now firmly established as a leading global strategic communications company and we are well placed to deliver continued growth in line with our stated strategy,” said CEO Stewart Hall.
The company will continue to record meaningful results to shareholders because of strong momentum across its service lines and a robust pipeline of potential acquisition opportunities, he added.
PPHC, which is traded on the London Stock Exchange, has slated a shareholder meeting on Sept. 29 to facilitate its listing on the NASDAQ market. The US posting will broaden its access to capital markets and enhance shareholder liquidity.
In addition to Trailrunner, PPHC owns Seven Letter, Crossroad Strategies, Forbes Tate Partners, O’Neill & Assocs., Concordant, Pine Cove Strategies, MultiState Assocs., Alpine Group Partners and KP Public Affairs.
Joele Frank represents LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
