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PPHC US
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Public Policy Holding Company, Inc.
(PPHC US)
$10.44
-0.27
2.48%
(Market Open · 20:38:12 UTC)
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PPHC US
Home
Stock Screener
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Public Policy Holding Company, Inc.
(PPHC US)
$10.44
-0.27
2.48%
(Market Open · 20:38:12 UTC)
Ask AI
Follow
Doc Search
Profile
Entity Structure
SEC Filings
Financials
Charting
Short Interest
Employees
Chronological
By Owner
Financials & Metrics
Financials
Charting
Short Interest
Employees
Chronological
By Owner
Financials & Metrics
Financials
Charting
Short Interest
Employees
SEC Filings
SEC Filings
Select Filings
Financials
(5)
Expand
10-Q
Q3
ended 30 Sept 2026
10 Nov
10-Q
Q2
ended 30 Jun 2026
11 Aug
10-K/A
FY 2025
ended 31 Dec 2025
24 Jun
10-Q
Q1
ended 31 Mar 2026
14 May
10-K
FY 2025
ended 31 Dec 2025
31 Mar
Events
(11)
Expand
8-K
Results of Operations and Financial Condition
9 Nov
8-K
PPHC Announces New $105 Million Senior Secured Credit Facility November 2, 2026 Five-year facility refinances existing borrowings and provides additional capacity to support acquisitions and general corporate purposes WASHINGTON, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Public Policy Holding Company, Inc. ("PPHC", the "Group" or the "Company") (Nasdaq: PPHC), a leading global strategic communications provider offering a comprehensive range of advisory services in Government Relations, Public Affairs and Corporate Communications, announces that it has entered into a new $105 million senior secured credit facility with a U.S. commercial bank (the “New Facility”). The New Facility comprises a $65 million term loan and a $40 million revolving credit facility. The Group intends to seek commitments from additional lenders through a syndication to increase the New Facility to an aggregate $150 million. The New Facility may include an additional uncommitted accordion option of up to $50 million. Syndication is being undertaken on a best-efforts basis and is currently anticipated to close in January 2027. Key Terms A five-year senior secured facility comprising a $65 million term loan and a $40 million revolving credit facility at initial closing. Expected syndication to a total facility size of $150 million, anticipated to close in January 2027 on a best-efforts basis. An uncommitted accordion option of up to an additional $50 million, subject to lender approval and the satisfaction of applicable conditions. Interest payable at the Secured Overnight Financing Rate (“SOFR”) plus a margin of 185 to 230 basis points, determined by the Group’s net leverage ratio. An unused commitment fee of 15 to 25 basis points applies to undrawn revolving commitments, also based on net leverage. Term loan amortization, stated as a percentage of the original balance, of 5.0% in each of years one and two, 7.5% in each of years three and four, and 10.0% in year five, with the remaining balance due at maturity on November 2, 2031. The revolving credit facility is interest only. Secured by a blanket lien over the Group’s assets, with guarantees from substantially all subsidiaries. Use of Proceeds The proceeds of the New Facility will be used to refinance the Group’s existing debt, fund acquisitions including an immediate drawdown to fund the initial cash consideration for the acquisition of Reevemark LLC announced earlier today and provide additional capacity for working capital and general corporate purposes. Existing Facilities The Group’s existing borrowings under the credit arrangements first announced on March 1, 2023, and subsequently expanded and amended on April 30, 2024, June 6, 2024, and January 24, 2025, will be repaid and replaced by the New Facility shortly after closing. As of September 30, 2026, approximately $39.8 million was outstanding under the existing facilities. Capital Allocation The New Facility consolidates the Group’s borrowings into a single financing structure on more favorable terms, extends the Group’s debt maturity profile, and provides additional capacity to support its growth strategy. The Group intends to maintain a prudent leverage ratio as it combines organic growth with targeted, earnings-accretive M&A. The PPHC Board of Directors considers that access to both debt and equity funding provides appropriate flexibility in the Group’s capital allocation, including the funding of acquisitions and deferred consideration, as well as the payment of dividends. Stewart Hall, CEO of PPHC, commented: “This new facility strengthens our financial position and provides additional capacity to execute our growth strategy while maintaining a disciplined approach to leverage and capital allocation. We remain focused on deploying capital selectively into opportunities that enhance our capabilities, broaden our geographic reach and create long-term value for shareholders.”B/T Advisory acted as exclusive debt advisor, and Venable LLP acted as legal counsel to the Group. Further details of the New Facility, including the identity of the lender and a copy of the credit agreement, will be set out in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission, which will be available at www.sec.gov and on the Company’s investor relations website. About PPHC Incorporated in 2014, PPHC is a global strategic communications platform that supports clients in enhancing and defending their reputations, advancing policy objectives, managing regulatory risk, and engaging with federal and state-level policymakers, stakeholders, media, and the public. Engaged by approximately 1,500 clients, including companies, trade associations and non-governmental organizations, PPHC is active in all major sectors of the economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecommunications and transportation. With operations across 18 offices in the United States and internationally, PPHC's services include government relations, public affairs and corporate communications, research and analytics, digital advocacy campaigning, and compliance support. The Company's shares are admitted to trading on the Nasdaq Global Market and on AIM, a market operated by the London Stock Exchange, under the ticker symbol "PPHC". For more information, visit www.pphcompany.com. Media Contact: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
Investor Relations: Matthew Mazzanti (202) 559-0172
[email protected]
5 Nov
8-K
Results of Operations and Financial Condition
10 Aug
8-K
Other Events
3 Aug
8-K
PPHC Announces Acquisition of Tancredi PPHC, TrailRunner International expands international footprint for financial, corporate and litigation communications in EMEA WASHINGTON, July 01, 2026 (GLOBE NEWSWIRE) -- Public Policy Holding Company, Inc. (NASDAQ: PPHC), a leading global strategic communications provider, today announced that it has acquired Tancredi Intelligent Communication Ltd (“Tancredi”), a strategic communications and advisory firm headquartered in London. Tancredi will operate going forward as a part of PPHC’s TrailRunner International (“TrailRunner International”) group. Acquisition Highlights • Founded in 2015, Tancredi advises corporates, financial institutions and high-profile individuals on corporate affairs, financial communications, crisis, reputation management and litigation communications. • Earnings-accretive acquisition deepens critical expertise in high-growth crisis and litigation communications services, corporate communications and M&A while strengthening TrailRunner International’s existing London presence and expanding its geographic reach via offices in Milan and Los Angeles. • Tancredi’s go-forward branding to be ‘Tancredi, a TrailRunner International group company’. • Tancredi co-founder Salamander Davoudi to be named Global Head of Litigation for TrailRunner International. • Tancredi CEO Giovanni Sanfelice di Monteforte brings deep expertise in the Italian corporate, financial and institutional market, acting as a trusted local advisor to international investors and a global partner to Italy's leading conglomerates. • Adds a team of 22 colleagues and a strong roster of high-profile international clients across all major sectors from financial services and industrials to energy, life sciences and luxury retail. • For the year ended 31 December 2025, Tancredi recorded (unaudited) net revenues of £4.3 million. (Unaudited) profit before tax amounted to £1.3 million, after adjusting for PPHC's remuneration policy. Strategic Rationale The Acquisition expands PPHC’s capabilities across the large and growing strategic communications market, through a firm whose disciplines map directly onto those of TrailRunner International, PPHC’s corporate and financial communications platform which it acquired in 2025. Tancredi joins as the first member of the TrailRunner International group, creating a seamless fit and expanding the European footprint of the Group via complementary services, a shared advisory culture, and a single, broader offering that PPHC’s c.1,500 existing clients can access through clear and immediate cross-selling and integrated servicing.The Acquisition is in line with PPHC's longstanding objective to build, bring together and grow a portfolio of complementary businesses with premium strategic communications and advisory capabilities to help clients navigate their most challenging issues, from deal-making to policy risks and reputation. It supports PPHC’s long-stated M&A strategy by significantly expanding its specialist capabilities and broadening its geographic reach. Through its co-founder and CEO Giovanni Sanfelice di Monteforte, Tancredi brings a leading position in the European financial and corporate communications sectors that augments the platform’s complementary global offerings. Tancredi has been a trusted advisor to institutional investors navigating Italy's corporate landscape, acting across some of its largest transactions, and an equally trusted communications partner for European blue-chips operating globally. Litigation communications, one of the fastest-growing areas of the strategic communications market, is a discipline in which Tancredi and TrailRunner hold deep, complementary expertise. Tancredi has advised corporates, financial institutions and high-profile individuals on litigation communications since its founding in 2015. Going forward, litigation advisory work will be unified under Tancredi co-founder Salamander Davoudi, who has been named Global Head of Litigation for TrailRunner International. The Acquisition also deepens the Group’s presence in London and across Europe. Tancredi gives TrailRunner International an enlarged London base and an established European platform from which to serve clients on both sides of the Atlantic. For PPHC’s c.1,500 clients, and for Tancredi’s own roster of high-profile international clients, the combination pairs Tancredi’s reach with the scale of the wider PPHC network, extending the transatlantic capability that underpins the Group’s long-stated growth strategy. Key terms of the Acquisition • The initial consideration of £8.0 million was satisfied on completion, which occurred on 1 July 2026, in part by the issuance of 111,948 New Common Shares ("Consideration Shares") of $0.001 each at a price of $9.42 per Common Share, totaling £800,000, and the balance of £7.2 million paid in cash, funded from the Company’s balance sheet. Shares issued to the owners of the selling entity will be subject to a vesting period, and those owners will additionally be subject to certain restrictive covenants. In addition, a payment of approximately £0.8 million will be made in respect of the Company’s estimated net cash position at completion, with the final amount to be determined by reference to the completion accounts. • As part of the purchase consideration, in addition to the initial consideration, two future earnout payments could be made with the final payment taking place after the end of 2030. These payments are contingent on Tancredi delivering profit growth between 2026 and 2030. Such future payments will be satisfied by a mix of cash and equity. • Including the initial consideration of £8.0 million, the aggregate consideration is maximized at £25 million. This maximum would be achieved if Tancredi was to realize close to 30% compound annual profit growth through 2030. • Tancredi reported net assets of £1.8 million for the year ended 31 December 2025.Issue of Consideration Shares and Total Voting Rights Following the issue of the Consideration Shares, the Company's total issued and voting share capital upon admission will consist of 30,007,237 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company. Stewart Hall, CEO of PPHC, commented: “This marks PPHC's second acquisition since our Nasdaq IPO and progresses our strategy of accelerating growth through the earnings-accretive acquisitions of complementary businesses operating in high-growth markets. “Tancredi has an outstanding track record and bolsters our existing expertise in key growth areas. It also expands our geographic footprint. As the first member of the TrailRunner International Group, our corporate and financial communications platform headed up by Executive Chairman Jim Wilkinson and CEO Jim Hughes, Tancredi now has access to a deeper pool of specialists and its expertise can be leveraged globally. Additionally, PPHC can unify its market-leading experience and scale in litigation, one of the fastest growing areas. “Our acquisition pipeline remains strong with PPHC maintaining significant liquidity to deliver on our growth ambitions and create long term shareholder value.” Giovanni Sanfelice di Monteforte, CEO and Co-Founder of Tancredi, commented: “Joining TrailRunner International is the natural next step for a firm built on the conviction that the most complex corporate, financial and reputational briefs demand the highest caliber of advice. The entire Tancredi team will now be able to deliver a far broader range of services and a deeper perspective for boards, clients navigating complex, cross-border challenges. The cultural alignment between our two firms is incredibly strong and it allows us to retain what is special and boutique about Tancredi while giving us an exciting opportunity to play a major role in the PPHC growth story. Tancredi's Italian roots now open doors in both directions, for international investors looking at Europe and Italy, and European companies expanding into the US.” Salamander Davoudi, Managing Partner and Co-Founder of Tancredi, commented: “Tancredi has always operated at the sharp end of corporate, financial, litigation and reputation communications, largely on the European side. As we join TrailRunner International and the stable of PPHC companies, we step in to help build the transatlantic powerhouse that will shape this sector for the next decade. For clients navigating Washington as much as London or Rome, the depth of the PPHC network fundamentally changes what we can offer them. We will maintain Tancredi’s brand, ethos and values and build on them. We have never been better positioned to do the work we do best.” Jim Wilkinson, Executive Chairman of TrailRunner International, commented:“This exciting acquisition will strengthen TrailRunner and allow us to immediately work as a seamless, efficient, and unified team. Tancredi has proven superstar global talent, a strong high- margin client roster, an entrepreneurial growth mindset, and a bench of future leaders. This acquisition represents the logical next step in TrailRunner's methodical journey to create the world’s best advisory platform." Jim Hughes, CEO of TrailRunner International, commented: “As we continue to grow in markets around the world, we are excited to welcome Giovanni, Salamander and team to TrailRunner International. Together, we will build on our strong momentum in the UK, Europe, and other markets while doubling down on core practice areas like litigation support, financial communications, crisis communications, and corporate reputation.” For more information, visit www.pphcompany.com. Media Contact: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
Investor Relations: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
About Tancredi Tancredi is a strategic communications and advisory firm headquartered in London with offices in Milan, New York and Los Angeles. Founded in 2015, the firm has built a distinctive practice advising corporations, financial institutions and high-profile individuals on corporate affairs, financial communications, crisis, reputation management and litigation. Tancredi's team works across all major sectors from financial services and industrials to energy, life sciences and luxury retail. Clients trust Tancredi for its ability to read, shape and master the most complex communications challenges at the highest levels of business and public life. About PPHC Incorporated in 2014, PPHC is a global strategic communications platform that supports clients in enhancing and defending their reputations, advancing policy objectives, managing regulatory risk, and engaging with federal and state-level policymakers, stakeholders, media, and the public.Engaged by approximately 1,500 clients, including companies, trade associations and non- governmental organizations, PPHC is active in all major sectors of the economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecoms and transportation. With operations across 18 offices in the United States and internationally, PPHC's services include government relations, public affairs and corporate communications, research and analytics, digital advocacy campaigning, and compliance support. The Company's shares are admitted to trading on the Nasdaq Global Market and on AIM, a market operated by the London Stock Exchange, under the ticker symbol "PPHC". About TrailRunner International TrailRunner International is a global strategic communications advisory firm that provides crisis communications, financial communications, litigation communications, and ongoing corporate communications support to the world's top enterprises, institutions, and individuals. The firm also has a strong and growing sports portfolio through its TrailRunner International Sports business, providing strategic business advisory and communications support to sports clients around the world. TrailRunner International is headquartered in Dallas/Fort Worth with offices in New York, Nashville, Abu Dhabi, Dubai, London, Shanghai, San Francisco, and Truckee. TrailRunner's success is grounded in its strong culture which nurtures its rich talent base, leading to high retention rates of both clients as well as employees. ###
1 Jul
8-K
Submission of Matters to a Vote of Security Holders
12 May
8-K
Financial Statements and Exhibits
12 May
8-K
Other Events
26 Mar
8-K
Results of Operations and Financial Condition
23 Mar
8-K
Other Events
2 Mar
8-K
Entry into a Material Definitive Agreement
30 Jan
Insider Ownership
(53)
Expand
Form 4
Austin Keenan Nealean
25 Aug
Form 4
Strum Neal Howard
25 Aug
Form 4
Smits Roeland Jozef Bernard
25 Aug
Form 4
Starzman Ronald J. Jr.
25 Aug
Form 4
Gensemer Thomas Edward
25 Aug
Form 4
Thrasher Paula Conner
16 Jun
Form 4
Mazzanti Matthew Ross
16 Jun
Form 4
White Kimberly Anne
16 Jun
Form 4
Ginsberg Benjamin Langer
16 Jun
Form 4
Williams Zachary Wayne
16 Jun
Form 4
Lee Simon Philip Guy
16 Jun
Form 4
Kendrick Jill Agnes Gillespie
16 Jun
Form 4
Gensemer Thomas Edward
16 Jun
Form 4
Smits Roeland Jozef Bernard
16 Jun
Form 4
Hall George Stewart
16 Jun
Beneficial Ownership
(2)
Expand
SC 13G
Public Policy Holding Company, Inc.
15 May
SC 13G
Public Policy Holding Company, Inc.
15 May
Proxies
(2)
Expand
ARS
Annual report to security holders
17 Apr
DEF 14A
Definitive proxy statement
17 Apr
Registrations
(12)
Expand
S-8
Registration statement (employee benefit plan)
29 May
424B4
Prospectus filing (Rule 424(b)(4))
29 Jan
8-A12B
Registration of securities (Section 12(b))
27 Jan
S-1/A
Registration statement (general form, amendment)
23 Jan
S-1/A
Registration statement (general form, amendment)
20 Jan
S-1/A
Registration statement (general form, amendment)
9 Jan
S-1/A
Registration statement (general form, amendment)
12 Nov 2025
DEL AM
Delisting application
7 Nov 2025
S-1/A
Registration statement (general form, amendment)
21 Oct 2025
S-1
Registration statement (general form)
10 Oct 2025
DRS
Draft registration statement
3 Sep 2025
DRS
Draft registration statement
6 Jun 2025
SEC Orders And Notices
(1)
Expand
EFFECT
Notice of effectiveness
28 Jan
Exempt Offerings
(20)
Expand
D
Rule 506(b) provides a "safer harbor" for a private offering
13 Nov
D
Rule 506(b) provides a "safer harbor" for a private offering
24 Aug
D
Rule 506(b) provides a "safer harbor" for a private offering
15 Jul
D
Rule 506(b) provides a "safer harbor" for a private offering
14 May
D
Rule 506(b) provides a "safer harbor" for a private offering
15 Apr
D
<ITEMS>06c
5 Jan
D
06c
7 Aug 2025
D
06c
25 Jun 2025
D
06c
15 Apr 2025
D
06c
21 Jun 2024
D
06c
2 May 2024
D/A
06b
7 Feb 2024
D
06c
7 Feb 2024
D/A
06c
29 Sep 2023
D
06b
8 Mar 2023
Other
(1)
Expand
CERT
CERT
27 Jan
Select Filings
Financials
(5)
Expand
10-Q
Q3
ended 30 Sept 2026
10 Nov
10-Q
Q2
ended 30 Jun 2026
11 Aug
10-K/A
FY 2025
ended 31 Dec 2025
24 Jun
10-Q
Q1
ended 31 Mar 2026
14 May
10-K
FY 2025
ended 31 Dec 2025
31 Mar
Events
(11)
Expand
8-K
Results of Operations and Financial Condition
9 Nov
8-K
PPHC Announces New $105 Million Senior Secured Credit Facility November 2, 2026 Five-year facility refinances existing borrowings and provides additional capacity to support acquisitions and general corporate purposes WASHINGTON, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Public Policy Holding Company, Inc. ("PPHC", the "Group" or the "Company") (Nasdaq: PPHC), a leading global strategic communications provider offering a comprehensive range of advisory services in Government Relations, Public Affairs and Corporate Communications, announces that it has entered into a new $105 million senior secured credit facility with a U.S. commercial bank (the “New Facility”). The New Facility comprises a $65 million term loan and a $40 million revolving credit facility. The Group intends to seek commitments from additional lenders through a syndication to increase the New Facility to an aggregate $150 million. The New Facility may include an additional uncommitted accordion option of up to $50 million. Syndication is being undertaken on a best-efforts basis and is currently anticipated to close in January 2027. Key Terms A five-year senior secured facility comprising a $65 million term loan and a $40 million revolving credit facility at initial closing. Expected syndication to a total facility size of $150 million, anticipated to close in January 2027 on a best-efforts basis. An uncommitted accordion option of up to an additional $50 million, subject to lender approval and the satisfaction of applicable conditions. Interest payable at the Secured Overnight Financing Rate (“SOFR”) plus a margin of 185 to 230 basis points, determined by the Group’s net leverage ratio. An unused commitment fee of 15 to 25 basis points applies to undrawn revolving commitments, also based on net leverage. Term loan amortization, stated as a percentage of the original balance, of 5.0% in each of years one and two, 7.5% in each of years three and four, and 10.0% in year five, with the remaining balance due at maturity on November 2, 2031. The revolving credit facility is interest only. Secured by a blanket lien over the Group’s assets, with guarantees from substantially all subsidiaries. Use of Proceeds The proceeds of the New Facility will be used to refinance the Group’s existing debt, fund acquisitions including an immediate drawdown to fund the initial cash consideration for the acquisition of Reevemark LLC announced earlier today and provide additional capacity for working capital and general corporate purposes. Existing Facilities The Group’s existing borrowings under the credit arrangements first announced on March 1, 2023, and subsequently expanded and amended on April 30, 2024, June 6, 2024, and January 24, 2025, will be repaid and replaced by the New Facility shortly after closing. As of September 30, 2026, approximately $39.8 million was outstanding under the existing facilities. Capital Allocation The New Facility consolidates the Group’s borrowings into a single financing structure on more favorable terms, extends the Group’s debt maturity profile, and provides additional capacity to support its growth strategy. The Group intends to maintain a prudent leverage ratio as it combines organic growth with targeted, earnings-accretive M&A. The PPHC Board of Directors considers that access to both debt and equity funding provides appropriate flexibility in the Group’s capital allocation, including the funding of acquisitions and deferred consideration, as well as the payment of dividends. Stewart Hall, CEO of PPHC, commented: “This new facility strengthens our financial position and provides additional capacity to execute our growth strategy while maintaining a disciplined approach to leverage and capital allocation. We remain focused on deploying capital selectively into opportunities that enhance our capabilities, broaden our geographic reach and create long-term value for shareholders.”B/T Advisory acted as exclusive debt advisor, and Venable LLP acted as legal counsel to the Group. Further details of the New Facility, including the identity of the lender and a copy of the credit agreement, will be set out in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission, which will be available at www.sec.gov and on the Company’s investor relations website. About PPHC Incorporated in 2014, PPHC is a global strategic communications platform that supports clients in enhancing and defending their reputations, advancing policy objectives, managing regulatory risk, and engaging with federal and state-level policymakers, stakeholders, media, and the public. Engaged by approximately 1,500 clients, including companies, trade associations and non-governmental organizations, PPHC is active in all major sectors of the economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecommunications and transportation. With operations across 18 offices in the United States and internationally, PPHC's services include government relations, public affairs and corporate communications, research and analytics, digital advocacy campaigning, and compliance support. The Company's shares are admitted to trading on the Nasdaq Global Market and on AIM, a market operated by the London Stock Exchange, under the ticker symbol "PPHC". For more information, visit www.pphcompany.com. Media Contact: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
Investor Relations: Matthew Mazzanti (202) 559-0172
[email protected]
5 Nov
8-K
Results of Operations and Financial Condition
10 Aug
8-K
Other Events
3 Aug
8-K
PPHC Announces Acquisition of Tancredi PPHC, TrailRunner International expands international footprint for financial, corporate and litigation communications in EMEA WASHINGTON, July 01, 2026 (GLOBE NEWSWIRE) -- Public Policy Holding Company, Inc. (NASDAQ: PPHC), a leading global strategic communications provider, today announced that it has acquired Tancredi Intelligent Communication Ltd (“Tancredi”), a strategic communications and advisory firm headquartered in London. Tancredi will operate going forward as a part of PPHC’s TrailRunner International (“TrailRunner International”) group. Acquisition Highlights • Founded in 2015, Tancredi advises corporates, financial institutions and high-profile individuals on corporate affairs, financial communications, crisis, reputation management and litigation communications. • Earnings-accretive acquisition deepens critical expertise in high-growth crisis and litigation communications services, corporate communications and M&A while strengthening TrailRunner International’s existing London presence and expanding its geographic reach via offices in Milan and Los Angeles. • Tancredi’s go-forward branding to be ‘Tancredi, a TrailRunner International group company’. • Tancredi co-founder Salamander Davoudi to be named Global Head of Litigation for TrailRunner International. • Tancredi CEO Giovanni Sanfelice di Monteforte brings deep expertise in the Italian corporate, financial and institutional market, acting as a trusted local advisor to international investors and a global partner to Italy's leading conglomerates. • Adds a team of 22 colleagues and a strong roster of high-profile international clients across all major sectors from financial services and industrials to energy, life sciences and luxury retail. • For the year ended 31 December 2025, Tancredi recorded (unaudited) net revenues of £4.3 million. (Unaudited) profit before tax amounted to £1.3 million, after adjusting for PPHC's remuneration policy. Strategic Rationale The Acquisition expands PPHC’s capabilities across the large and growing strategic communications market, through a firm whose disciplines map directly onto those of TrailRunner International, PPHC’s corporate and financial communications platform which it acquired in 2025. Tancredi joins as the first member of the TrailRunner International group, creating a seamless fit and expanding the European footprint of the Group via complementary services, a shared advisory culture, and a single, broader offering that PPHC’s c.1,500 existing clients can access through clear and immediate cross-selling and integrated servicing.The Acquisition is in line with PPHC's longstanding objective to build, bring together and grow a portfolio of complementary businesses with premium strategic communications and advisory capabilities to help clients navigate their most challenging issues, from deal-making to policy risks and reputation. It supports PPHC’s long-stated M&A strategy by significantly expanding its specialist capabilities and broadening its geographic reach. Through its co-founder and CEO Giovanni Sanfelice di Monteforte, Tancredi brings a leading position in the European financial and corporate communications sectors that augments the platform’s complementary global offerings. Tancredi has been a trusted advisor to institutional investors navigating Italy's corporate landscape, acting across some of its largest transactions, and an equally trusted communications partner for European blue-chips operating globally. Litigation communications, one of the fastest-growing areas of the strategic communications market, is a discipline in which Tancredi and TrailRunner hold deep, complementary expertise. Tancredi has advised corporates, financial institutions and high-profile individuals on litigation communications since its founding in 2015. Going forward, litigation advisory work will be unified under Tancredi co-founder Salamander Davoudi, who has been named Global Head of Litigation for TrailRunner International. The Acquisition also deepens the Group’s presence in London and across Europe. Tancredi gives TrailRunner International an enlarged London base and an established European platform from which to serve clients on both sides of the Atlantic. For PPHC’s c.1,500 clients, and for Tancredi’s own roster of high-profile international clients, the combination pairs Tancredi’s reach with the scale of the wider PPHC network, extending the transatlantic capability that underpins the Group’s long-stated growth strategy. Key terms of the Acquisition • The initial consideration of £8.0 million was satisfied on completion, which occurred on 1 July 2026, in part by the issuance of 111,948 New Common Shares ("Consideration Shares") of $0.001 each at a price of $9.42 per Common Share, totaling £800,000, and the balance of £7.2 million paid in cash, funded from the Company’s balance sheet. Shares issued to the owners of the selling entity will be subject to a vesting period, and those owners will additionally be subject to certain restrictive covenants. In addition, a payment of approximately £0.8 million will be made in respect of the Company’s estimated net cash position at completion, with the final amount to be determined by reference to the completion accounts. • As part of the purchase consideration, in addition to the initial consideration, two future earnout payments could be made with the final payment taking place after the end of 2030. These payments are contingent on Tancredi delivering profit growth between 2026 and 2030. Such future payments will be satisfied by a mix of cash and equity. • Including the initial consideration of £8.0 million, the aggregate consideration is maximized at £25 million. This maximum would be achieved if Tancredi was to realize close to 30% compound annual profit growth through 2030. • Tancredi reported net assets of £1.8 million for the year ended 31 December 2025.Issue of Consideration Shares and Total Voting Rights Following the issue of the Consideration Shares, the Company's total issued and voting share capital upon admission will consist of 30,007,237 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company. Stewart Hall, CEO of PPHC, commented: “This marks PPHC's second acquisition since our Nasdaq IPO and progresses our strategy of accelerating growth through the earnings-accretive acquisitions of complementary businesses operating in high-growth markets. “Tancredi has an outstanding track record and bolsters our existing expertise in key growth areas. It also expands our geographic footprint. As the first member of the TrailRunner International Group, our corporate and financial communications platform headed up by Executive Chairman Jim Wilkinson and CEO Jim Hughes, Tancredi now has access to a deeper pool of specialists and its expertise can be leveraged globally. Additionally, PPHC can unify its market-leading experience and scale in litigation, one of the fastest growing areas. “Our acquisition pipeline remains strong with PPHC maintaining significant liquidity to deliver on our growth ambitions and create long term shareholder value.” Giovanni Sanfelice di Monteforte, CEO and Co-Founder of Tancredi, commented: “Joining TrailRunner International is the natural next step for a firm built on the conviction that the most complex corporate, financial and reputational briefs demand the highest caliber of advice. The entire Tancredi team will now be able to deliver a far broader range of services and a deeper perspective for boards, clients navigating complex, cross-border challenges. The cultural alignment between our two firms is incredibly strong and it allows us to retain what is special and boutique about Tancredi while giving us an exciting opportunity to play a major role in the PPHC growth story. Tancredi's Italian roots now open doors in both directions, for international investors looking at Europe and Italy, and European companies expanding into the US.” Salamander Davoudi, Managing Partner and Co-Founder of Tancredi, commented: “Tancredi has always operated at the sharp end of corporate, financial, litigation and reputation communications, largely on the European side. As we join TrailRunner International and the stable of PPHC companies, we step in to help build the transatlantic powerhouse that will shape this sector for the next decade. For clients navigating Washington as much as London or Rome, the depth of the PPHC network fundamentally changes what we can offer them. We will maintain Tancredi’s brand, ethos and values and build on them. We have never been better positioned to do the work we do best.” Jim Wilkinson, Executive Chairman of TrailRunner International, commented:“This exciting acquisition will strengthen TrailRunner and allow us to immediately work as a seamless, efficient, and unified team. Tancredi has proven superstar global talent, a strong high- margin client roster, an entrepreneurial growth mindset, and a bench of future leaders. This acquisition represents the logical next step in TrailRunner's methodical journey to create the world’s best advisory platform." Jim Hughes, CEO of TrailRunner International, commented: “As we continue to grow in markets around the world, we are excited to welcome Giovanni, Salamander and team to TrailRunner International. Together, we will build on our strong momentum in the UK, Europe, and other markets while doubling down on core practice areas like litigation support, financial communications, crisis communications, and corporate reputation.” For more information, visit www.pphcompany.com. Media Contact: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
Investor Relations: Public Policy Holding Company, Inc. (202) 688-0020
[email protected]
About Tancredi Tancredi is a strategic communications and advisory firm headquartered in London with offices in Milan, New York and Los Angeles. Founded in 2015, the firm has built a distinctive practice advising corporations, financial institutions and high-profile individuals on corporate affairs, financial communications, crisis, reputation management and litigation. Tancredi's team works across all major sectors from financial services and industrials to energy, life sciences and luxury retail. Clients trust Tancredi for its ability to read, shape and master the most complex communications challenges at the highest levels of business and public life. About PPHC Incorporated in 2014, PPHC is a global strategic communications platform that supports clients in enhancing and defending their reputations, advancing policy objectives, managing regulatory risk, and engaging with federal and state-level policymakers, stakeholders, media, and the public.Engaged by approximately 1,500 clients, including companies, trade associations and non- governmental organizations, PPHC is active in all major sectors of the economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecoms and transportation. With operations across 18 offices in the United States and internationally, PPHC's services include government relations, public affairs and corporate communications, research and analytics, digital advocacy campaigning, and compliance support. The Company's shares are admitted to trading on the Nasdaq Global Market and on AIM, a market operated by the London Stock Exchange, under the ticker symbol "PPHC". About TrailRunner International TrailRunner International is a global strategic communications advisory firm that provides crisis communications, financial communications, litigation communications, and ongoing corporate communications support to the world's top enterprises, institutions, and individuals. The firm also has a strong and growing sports portfolio through its TrailRunner International Sports business, providing strategic business advisory and communications support to sports clients around the world. TrailRunner International is headquartered in Dallas/Fort Worth with offices in New York, Nashville, Abu Dhabi, Dubai, London, Shanghai, San Francisco, and Truckee. TrailRunner's success is grounded in its strong culture which nurtures its rich talent base, leading to high retention rates of both clients as well as employees. ###
1 Jul
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12 May
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12 May
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26 Mar
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23 Mar
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2 Mar
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30 Jan
Insider Ownership
(53)
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Form 4
Austin Keenan Nealean
25 Aug
Form 4
Strum Neal Howard
25 Aug
Form 4
Smits Roeland Jozef Bernard
25 Aug
Form 4
Starzman Ronald J. Jr.
25 Aug
Form 4
Gensemer Thomas Edward
25 Aug
Form 4
Thrasher Paula Conner
16 Jun
Form 4
Mazzanti Matthew Ross
16 Jun
Form 4
White Kimberly Anne
16 Jun
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Ginsberg Benjamin Langer
16 Jun
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Williams Zachary Wayne
16 Jun
Form 4
Lee Simon Philip Guy
16 Jun
Form 4
Kendrick Jill Agnes Gillespie
16 Jun
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Gensemer Thomas Edward
16 Jun
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Smits Roeland Jozef Bernard
16 Jun
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Hall George Stewart
16 Jun
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SC 13G
Public Policy Holding Company, Inc.
15 May
SC 13G
Public Policy Holding Company, Inc.
15 May
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17 Apr
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17 Apr
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29 May
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29 Jan
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27 Jan
S-1/A
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23 Jan
S-1/A
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20 Jan
S-1/A
Registration statement (general form, amendment)
9 Jan
S-1/A
Registration statement (general form, amendment)
12 Nov 2025
DEL AM
Delisting application
7 Nov 2025
S-1/A
Registration statement (general form, amendment)
21 Oct 2025
S-1
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10 Oct 2025
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3 Sep 2025
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6 Jun 2025
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28 Jan
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D
Rule 506(b) provides a "safer harbor" for a private offering
13 Nov
D
Rule 506(b) provides a "safer harbor" for a private offering
24 Aug
D
Rule 506(b) provides a "safer harbor" for a private offering
15 Jul
D
Rule 506(b) provides a "safer harbor" for a private offering
14 May
D
Rule 506(b) provides a "safer harbor" for a private offering
15 Apr
D
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25 Jun 2025
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21 Jun 2024
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2 May 2024
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7 Feb 2024
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29 Sep 2023
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8 Mar 2023
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27 Jan
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