Crossroads Strategies adds seasoned experts from both parties with Cheryl Jaeger, Partner, and Ivelisse Porroa-Garcia, Senior Vice President

WASHINGTON – Crossroads Strategies expands its dynamic, bipartisan team with two new hires from both political parties. Cheryl Jaeger is Crossroads’ newest Partner, bringing with her over two decades of experience in both the public and private sectors. Jaeger’s experience on Capitol Hill includes serving as Senior Policy Advisor to former House Majority Leader Eric Cantor and former Senator Roy Blunt, and as professional staff on the House Energy and Commerce Committee.

Ivelisse Porroa-Garcia was also added to the Crossroads team as a Senior Vice President. Born and raised in Lima, Peru, Porroa-Garcia is currently the Vice President of the Hispanic Lobbyists Association. Prior to taking on the new position at Crossroads, Porroa-Garcia served as Policy Director for the Congressional Hispanic Caucus and on the staffs of Representative Paul Ruiz and Senator Barbara Boxer.

Read the full press release here.

Seven Letter Adds Mike Ricci as Partner, Kobina Yankah as Creative Director of Seven Letter Labs

WASHINGTON – Mike Ricci is the newest Partner to be added to Seven Letter. Ricci joins the public affairs firm after working as Communications Director for Maryland Governor Larry Hogan. Bringing more than a decade of prior experience as top spokesperson for Republican House Speakers Paul Ryan and John Boehner, and given the current political climate, Ricci is a welcome addition to Seven Letter’s team.

Seven Letter also added the new position of Creative Director of Seven Letter Labs. Kobina Yankah joins the firm to take on this new role after working throughout the midterms as Creative Director for the Democratic Congressional Campaign Committee. Yankah has previously created content for New Line Cinema, the MLB, and the NBA, for which he earned a National Emmy Award.

Visit Seven Letter’s blog for more details.

PPHC Firms Finish Strong with ’22 LDA Revenues of +$66 Million

WASHINGTON – U.S. federal lobbying disclosures for the fourth quarter of 2022 have been released, along with yearly totals for 2022. Remaining strong in the Top Twenty Lobbying Disclosure Act Revenue Rankings once again are PPHC’s three federal lobbying firms: Forbes Tate Partners, Crossroads Strategies, and Alpine Group. Combining the three firms’ Lobbying Disclosure Act revenue comes to a grand total of $66 million, surpassing that of the number one spot on the list.

See the full list from POLITICO here.

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

HY22HY21Change
Group revenue$51.7m$47.2+9.6%
Underlying EBITDA1$14.4m$14.5m-0.6%
Underlying EBITDA margin27.9%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$0.045N/AN/A
1Underlying 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.

2Net cash excludes long term operating lease liability

Read the full results statement here.