PPHC acquires The Advocacy Partners for up to $75M; expands Florida state gov't relations

Public Policy Holding Company, Inc.

Initial consideration $20.4M ($2.04M in stock, $18.36M cash); max earnout $54.6M through 2030.
TAP reported 2025 net revenue $9.5M; adjusted PBT $4.6M (48% margin); immediately earnings accretive.
Acquisition closed Aug 1, 2026; founders Slater Bayliss and Stephen Shiver continue leading TAP.
Adds Florida presence, complementing existing California and Texas state government relations capabilities.
Earnout contingent on 35% CAGR profit growth; total max consideration $75M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.