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| Stewart Hall |
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
The period includes the integration of Trailrunner International, a $33M deal; and Pine Cove Capital ($13M transaction).
“Our M&A and organic growth strategies have continued at-pace, making acquisitions and strategic hires that broaden our service offering and extend our global reach,” said CEO Stewart Hall.
For the nine-month period, PPHC showed 23.6 percent growth to $136.7M, of which 6.5 percent was organic.
Hall said the company will continue to "invest in group-wide offerings to address today’s fast-moving and complex policy landscape, ensuring we remain well-positioned to meet our clients’ evolving needs.”
PPHC, which is the process of listing on the NASDAQ, also owns Seven Letter, Crossroad Strategies, Forbes Tate Partners, O’Neill & Assocs., Concordant, MultiState Assocs., Alpine Group Partners and KP Public Affairs.
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.
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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."
