secwatch.observer — SEC 8-K summary
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Issuer:     Public Policy Holding Company, Inc. (PPHC)
CIK:        0001903508
Form:       8-K
Filed at:   2026-08-03T11:00:15+00:00
Accession:  0001628280-26-051520
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/0001628280-26-051520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/pphc-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-051520

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer