PPHC completes acquisition of Tancredi; initial consideration £8M, potential earnout to £25M

Public Policy Holding Company, Inc.

Initial consideration £8.0M paid July 1, 2026; £7.2M cash + 111,948 shares valued at £800K.
Aggregate consideration maximized at £25M contingent on Tancredi achieving ~30% CAGR profit growth through 2030.
Tancredi reported (unaudited) net revenues £4.3M and adjusted PBT £1.3M for FY2025.
Tancredi co-founder Salamander Davoudi named Global Head of Litigation for TrailRunner International.
Acquisition is earnings-accretive; adds 22 colleagues and expands presence in London, Milan, LA.

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