Business
Acquisition & Expansion of Credit Facility
Acquisition & Expansion of Credit Facility.
About this update from Public Policy Holding Co., Inc.
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.\n \nPublic Policy Holding Company, Inc.\n \n(\"PPHC\", the \"Company\" or the \"Group\")\n \nAcquisition of Pagefield and Expansion of Credit Facility\n \nEarnings-accretive acquisition in London expands Group presence internationally\n \nPublic Policy Holding Company (AIM: PPHC), the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, is pleased to announce that it has acquired Pagefield Communications Limited (\"Pagefield\"), a premier London-based strategic communications and cross-party public affairs advisory firm (the \"Acquisition\"), for an initial consideration of £16.2 million.\n \nUntil now, PPHC's nine operating companies have been solely based in the US, although its c.1,200 clients - including nearly half of the Fortune 100 - are global by nature. Alongside organic growth, as outlined at the time of its IPO in December 2021 and reiterated since, PPHC has been targeting acquisitions within the key political capitals of London and Brussels, as well as more US states, in order to broaden its geographic reach and policy expertise.\n \nSince IPO, PPHC has acquired three businesses in the US, with Pagefield becoming its first international acquisition and the 10th brand to sit under the Group's broad umbrella, which encourages the cross-selling of services between operating companies to augment organic growth.\n \nFounded in 2010 by Mark Gallagher, Oliver Foster and Sara Price and based in London, England, Pagefield is led by Foster, CEO, and has 36 full-time employees. Mr. Foster will continue as CEO, and Mr. Gallagher and Ms. Price will remain with the business as senior advisers. Pagefield's clients include corporations and organisations campaigning on issues of local, national and global importance.\n \nAcquisition highlights\n· The Acquisitio...