PPHC Acquires Florida Government Relations Firm
PPHC acquired The Advocacy Partners (TAP), a Florida-based government relations firm, for an initial $20.4 million with a potential maximum earnout of $54.6 million based on performance targets through 2030. The transaction is immediately earnings accretive, adding $9.5 million of revenue with a high-margin profile; TAP reported an adjusted profit before tax of $4.6 million, representing a 48% margin for the year ended December 31, 2025.
Key figures
- Revenue
- 9500000
- Deal Value Usd
- 75000000
- Tap pbt
- 4600000
- Tap margin
- 48%
- Earnout max
- 54600000
- Initial consideration
- 20400000
AI analysis
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