{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-051520","form_type":"8-K","ticker":"PPHC","cik":"0001903508","company_name":"Public Policy Holding Company, Inc.","filed_at":"2026-08-03T11:00:15+00:00","discovered_at":"2026-08-03T11:05:00.299865+00:00","generated_at":"2026-08-03T11:05:46.923702+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PPHC acquires The Advocacy Partners for up to $75M; expands Florida state gov't relations","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-051520","json":"https://secwatch.observer/filing/0001628280-26-051520.json","markdown":"https://secwatch.observer/filing/0001628280-26-051520.md","text":"https://secwatch.observer/filing/0001628280-26-051520.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/0001628280-26-051520-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/pphc-20260803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-03T11:05:46.923702+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}