Category: PPHC Talent
Forbes Tate Partners Acquires Engage
Bipartisan Public Affairs Firm Formalizes Partnership with Leading Digital Advocacy Specialists


WASHINGTON – Forbes Tate Partners (FTP), a bipartisan, full-service, government relations and public affairs firm, today announced its acquisition of Engage, a DC-based digital media agency. The acquisition will cement the two firms’ long-standing partnership and enable the newly expanded FTP to advance its clients’ goals in even more seamless and productive ways in the face of an ever-changing advocacy market.
“Forbes Tate Partners just celebrated a decade in business,” said Jeff Forbes, FTP Founding Partner. “Today’s announcement marks the next step in our firm’s evolution as we continue to deliver a competitive edge for our clients. Having successfully partnered with Engage on many projects in the past, we are confident they are a perfect fit for our firm’s culture. We are delighted to formally welcome them to the Forbes Tate family and to add their considerable ability and expertise to our team.”
Added FTP Founding Partner, Dan Tate, “The formalization of our partnership allows FTP a unique opportunity to add top-notch talent, expand our footprint, and, ultimately, be that much more effective on behalf of our combined group of clients, spanning the nation’s largest industries, from health care, energy and financial services to emerging technologies, telecommunications, and manufacturing.”
“Digital public affairs is hardly new, but Forbes Tate’s commitment to investing in innovation clearly sets them apart,” said Engage Managing Partner, Nick Schaper. “Engage has established best-in-class capabilities that blend winning creative and technology with decades of experience at the highest levels of public policy to achieve effective, measurable results.”
Engage Managing Partner, Erik Rapprich said, “We look forward to formally joining forces with our colleagues at Forbes Tate to begin this new chapter in our shared history and unlock the value of the significant opportunity ahead.”
Engage, a full-service digital agency providing technology, design and creative, advocacy, and advertising services, was founded in 2007 and employs 19 professionals who have partnered with Fortune 500 companies, leading advocacy organizations, and the largest trade associations in the United States.
In December ‘21, FTP went public on the London Stock Exchange AIM as part of the Public Policy Holding Company (stock ticker PPHC.L). It was once again recognized as one of Bloomberg Government’s top performing lobbying firms for 2021. Most recently, FTP was named a PRNEWS Top Elite 100 agency for 2023, a prestigious honor recognizing the firm as one of the leading public relations practices in the country.
To learn more about FTP and Engage, visit FTP’s website.
Three Firms Show Strength in Q3; PPHC Remains the Leader
WASHINGTON – U.S. federal lobbying disclosures for the third quarter of 2022 have been released, showing that PPHC firms continue to thrive. Forbes Tate Partners, Crossroads Strategies, and Alpine Group Partners have once again all cracked the top 20 rankings. The three firms’ revenue combined has PPHC leading the pack in the number one spot.
Read the full revenue rankings list from POLITICO here.
Public Policy Holding Company Announces the Acquisition of KP Public Affairs
A leading firm in Sacramento becomes the newest addition to PPHC; first since IPO
Today, we announce the acquisition of KP Public Affairs, a leading California lobbying, government affairs, and public relations firm. This is our first acquisition as a publicly listed business and complements our strategy to build and acquire lobbying and strategic communications assets in key state markets, as outlined in our IPO.
California is the largest individual state economy in the US and is at the forefront of major issues including climate change, privacy, and labor regulations. KP has been ranked as one of the largest lobbying firms in California for more than 20 years, with current clients including many Fortune 500 corporations, industry associations, local governments, and small businesses.
“The firm’s Managing Partners, Jonathan Ross, Michael Burns, Ed Manning, Patrick George, Alison MacLeod, Jeff Sickenger and their stellar team have long been one of the largest practices in California. More importantly, their deep policy expertise and longstanding commitments to clients promises to make KP a strong addition. We have a proven track record of integrating outstanding, entrepreneurial businesses, and I look forward to working closely with the team.” -Stewart Hall, CEO, PPHC
Following completion of the acquisition, KP will continue operating under its existing brand and with its longstanding and incentivized management team and staff, as a wholly owned subsidiary of PPHC.
Read more about KP Public Affairs here.
PPHC announces interim financial results for the first half of 2022
PPHC interim results for the six months ended 30 June 2022
Strong performance driven by organic revenue growth, high client retention, increased demand for new capabilities and expertise
Washington DC, US, 22 September 2022, Public Policy Holding Company (AIM: PPHC), a leading bi-partisan, full-service US government affairs business, today announces its interim results for the six months ended 30 June 2022, which show continued organic growth and strong trading momentum into the second half.
Financial highlights
* Strong financial performance, driven by increased activity levels from new and existing clients, with organic revenue growth of 9.6% to $51.7m
* Underlying EBITDA of $14.4m with underlying EBITDA margin of 27.9%
* High client retention during the period as PPHC continues to see a high level of mandate from its blue-chip client base for its offerings of public affairs, crisis management, lobbying and issue advocacy, research, and media management services
* Increased investment in notable new hires across the holding and operating companies following IPO, in line with management’s expectations
* Strong cash generation with an increase in net cash of 35.2% to $17.9m
* Interim dividend of $0.045 per Common Share, in line with the Group’s dividend policy stated at the time of IPO
HY22 | HY21 | Change | |
Group revenue | $51.7m | $47.2 | +9.6% |
Underlying EBITDA1 | $14.4m | $14.5m | -0.6% |
Underlying EBITDA margin | 27.9% | 30.8% | -2.9ppts |
Underlying profit before tax1 | $14.4m | $14.4m | -0.5% |
Net Cash2 | $17.9m | $13.2m | +35.2% |
Interim dividend per Common Share | $0.045 | N/A | N/A |
1 | Underlying EBITDA and underlying profit before tax are stated prior to non-cash items of amortisation of customer intangibles, LTIP expense and ASC 718-10-S99-2 share-based accounting charge. For the prior period both measures are presented on a normalised, illustrative basis and calculated on the basis that 25% of pre-bonus EBITDA is paid as bonus in line with the Group’s policy post IPO. See the Financial Review below for further detail. |
2 | Net cash excludes long term operating lease liability |
Read the full results statement here.
Seven Letter Adds Drew O’Brien to Leadership Team
WASHINGTON- Seven Letter, a full-service strategic communications firm with offices in Washington and Boston, has announced the addition of Drew O’Brien to their leadership team. O’Brien will be taking on the position of partner at Seven Letter’s Boston, MA location.
O’Brien brings with him an extensive background working in both the private and public sectors. His most recent role was at Burson Cohn & Wolfe (BCW), where O’Brien led the firm’s business throughout the Northeast region as executive vice president and managing director. O’Brien also served as president of Direct Impact, BCW’s grassroots communications and advocacy practice.
Prior to entering the private sector in 2016, O’Brien’s public sector experience included work in the US State Department as Secretary John Kerry’s special representative for global partnerships. Throughout his tenure at the State Department, O’Brien dealt with outreach to private companies and NGOs as the Office of Global Partnerships played a key role in the US Water Partnership, the Secretary’s Our Oceans Conference, the Global Entrepreneurship Summit and the US response to the Ebola crisis in West Africa in 2014.
“As far as strategic communications advisors go, there is no one better than Drew O’Brien,” said Seven Letter’s founding partner and CEO Erik Smith. “Drew’s background in the private and public sectors, and his intimate knowledge of the integral elements of communications and advocacy strategy make him a tremendous asset to both the clients with whom we partner and our internal team. Many of us have known Drew for decades and now we are thrilled to welcome him as a teammate and colleague.”
Seven Letter is a member company of PPHC, the Public Policy Holding Company.
Read more about this story in PR Week and POLITICO Influence.
PPHC announces the addition of Roel Smits as Deputy Chief Financial Officer
WASHINGTON- Roel Smits joined Public Policy Holding Company, Inc. (PPHC) in May 2022 as Deputy Chief Financial Officer. Roel brings with him extensive financial leadership and mergers and acquisitions (M&A) experience – most recently at Kantar, the global market research leader co-owned by WPP and Bain Capital. There, he served as the Chief Financial Officer of their Americas division and oversaw all aspects of financial management and corporate management. Prior to that, Roel performed corporate development and M&A focused roles at WPP and in private equity.
In his new role at PPHC, Roel will be partnering with the rest of the executive leadership team in overseeing the company’s capital structure, optimizing financial management processes and strategies, analyzing investment opportunities, and integrating mergers and acquisitions.
Roel is originally from the Netherlands and currently resides in Westchester County, New York with his wife and 4 children.
Bloomberg’s Top-Performing Lobbying Firms Report features three PPHC firms
Forbes Tate Partners Adds Rob Mathias to Growing Public Affairs Practice
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Previously, Mathias was Chief of External Affairs at the National Park Foundation. At NPF he was responsible for the government relations, marketing and communications functions; and was also responsible for the Foundation’s advocacy, advertising, marketing and PR programming, including digital strategy and brand development. Mathias also served in various roles at Ogilvy from 1995 – 2017, including CEO of Ogilvy PR North America. In addition, Mathias was founder and president of Channel Rock Strategic Advisory.
Forbes Tate Partners is a bipartisan, integrated full-service public affairs consultancy specializing in government relations, traditional and digital communications, grassroots advocacy and third-party coordination, insights and polling, coalition management, and business development. FTP Is a wholly owned subsidiary of Public Policy Holding Company, Inc. (PPHC)
PPHC Announces Full Year Results for 2021
Full year expectations exceeded; encouraging momentum into 2022
Financial highlights include:
- $99.3 million revenue (2020 $77.5 million), an increase of 28.2% (24.4% organic growth)
- $32.0 million normalised EBITDA (2020: $21.5 million), an increase of 48.7%
- Normalised EBITDA margin of 32.2% (2020: 27.8%)
- Normalised adjusted profit before tax of $31.8 million (2020: $21.4 million)
- Net cash at year-end of $17.8 million following the gross $15 million ($13.8 million net of fees and FX) equity
- Fundraise at IPO (2020: $5.9 million)
- Dividend of $0.0065 per Common Share (for the period from 16 December 2021, the date of IPO, to 31 December 2021)
Operation highlights include:
- Admitted to trading on AIM in December 2021, raising $15 million gross ($13.8 million net of fees and FX) to fund accelerated growth strategy and talent acquisition
- Total number of clients increased to more than 730 (retained clients with revenues equal to or in excess of $100k per annum increasing to 347 (2020: 295))
- No single client representing more than 2.5% of overall revenues in the year
- Total number of employees increased to 187 (2020: 179)
Events post year-end include:
- Recruitment of Neal Strum as Chief Legal Officer on 1 January 2022
- Seven Letter officially launched its Environmental, Social and Governance (“ESG”) communications advisory practice in March 2022
- Forbes Tate Partners added senior executive, Rob Mathias, to its Public Affairs practice in May 2022
“The Group has a well-defined growth strategy and a strong foundation of blue-chip clients on which to build and we look forward to the future with confidence.“
Stewart Hall, CEO
Stewart Hall, CEO, PPHC commented: “2021 was a milestone year for PPHC culminating in our successful admission to AIM in December 2021. The Group’s strong financial performance throughout 2021 reflects the hard work and dedication of our teams, combined with PPHC’s resilient and scalable model. Despite the challenges of COVID-19, the Company exceeded management’s expectations, has continued to attract high quality new talent and advance an exciting pipeline of acquisition opportunities. PPHC started its first year as a listed business in a strong position, with the momentum achieved in 2021 continuing into this financial year. We expect organic initiatives and M&A to broaden and deepen the Group’s leading capability, drive further market share gains and revenue growth into the coming financial year. The Group has a well-defined growth strategy and a strong foundation of blue-chip clients on which to build and we look forward to the future with confidence.”
