Business
Business Update
Business Update.
About this update from Public Policy Holding Co., Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\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 \"Group\" or the \"Company\")\n \nBusiness Update\n \n Public Policy Holding Company, Inc., the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, is pleased to provide an update on its M&A pipeline, current trading and employee shareholding.\n \nM&A pipeline and strategy\n \nFollowing the successful completion of the earnings accretive acquisitions of KP Public Affairs in October 2022 and MultiState Associates in March 2023, the Group has seen a marked acceleration in its pipeline of M&A opportunities and looks forward to updating shareholders in the second half of the year to the extent these current opportunities crystallise.\n \nThe Group's stated M&A strategy includes its desire to add certain complementary specialisations to its portfolio, as well as to expand its footprint both in the United States and internationally into the EU and UK.\n \nThe Group continues to adopt a disciplined approach to its M&A strategy with a focus on:\n \n· Best in class ethical and compliance standards in place at target companies;\n· Resultant market share and diversification benefits;\n· Attractive financial profiles;\n· Long term revenue synergy potential;\n· Sufficient level of scale and institutionalisation; and\n· Negotiating deal structures that align the owners of the target with the Group in the long term and deliver shareholder value.\n \nCurrent trading\n \nThe Group reiterates existing guidance for FY23 and expects organic growth for the year to be 5% to 10%. Overall, management expects revenue growth for the year of between 20% and 30%, factoring in the incremental co...