Public Policy Holding Company, Inc. (PPHC), a leading global strategic communications provider, has acquired Reevemark LLC, an elite New York-based strategic communications firm specializing in high-stakes situations ranging from litigation, crises, brand and reputational issues to restructurings, shareholder activism and transactions. Reevemark, which will keep its name, will operate as a standalone business within PPHC's TrailRunner International group. Reevemark further strengthens PPHC’s full strategic communications portfolio, deepening its market-leading capabilities in litigation, crisis and special situations communications alongside its existing strengths in corporate and financial communications and sports, without adding overlapping or duplicative infrastructure.The total consideration is up to $80.0 million, comprising initial consideration of $28.0 million and additional maximum contingent consideration of up to $52.0 million.Acquisition Highlights• Founded in 2018 by Brandy Bergman, Hugh Burns, Paul Caminiti, Delia Cannan and Renée Soto (the “Sellers”), Reevemark provides strategic counsel for high-stakes, value-determinative and reputational matters.• This transformational acquisition adds market-leading capabilities in litigation support, transactions, shareholder activism and crisis communications, and will be immediately earnings accretive to the Group.• Reevemark is ranked in Band One in the Chambers and Partners 2026 Litigation PR & Communications and Crisis PR & Communications guides. Chambers has recognized Reevemark's litigation work since 2020 and its crisis work since the guide's launch in 2021, with all five Founding Partners individually ranked.• Reevemark recently developed and launched Sentinel, a proprietary agentic AI simulation capability built specifically for high-stakes matters which models how key stakeholders will react to client actions and audience reactions over time.• Adds a team of 17 professionals in New York and a roster of public and private companies, asset managers and select individuals across a broad range of industries.Strategic RationaleThe Acquisition is a transformational step in PPHC's strategy of building a portfolio of premium strategic communications and advisory businesses that help clients navigate their most consequential issues. The acquisition follows PPHC’s July 2026 acquisition of Tancredi Intelligent Communication Ltd, a strategic communications and advisory firm headquartered in London, which also operates under the TrailRunner International umbrella. With Reevemark, PPHC brings together leading litigation communications practices on both sides of the Atlantic, positioning the Group as a global leader in the field.Litigation communications is one of the fastest-growing areas of the strategic communications market and a discipline in which Reevemark, Tancredi and TrailRunner International hold deep, complementary expertise. Reevemark also serves as a trusted advisor to board and management teams, with market-leading capabilities in transaction communications, shareholder activism, crisis communications, bankruptcy and restructuring, drawing on decades of big-firm experience, data-driven digital insights and battle-tested best practices. These capabilities complement TrailRunner International's corporate and financial communications platform and strengthen the Group's offering to clients in their highest-stakes moments.The Acquisition creates clear and immediate cross-selling opportunities. PPHC's c.1,500 existing clients gain access to Reevemark's specialist expertise, while Reevemark's clients gain access to the scale and reach of the wider PPHC network across Washington, the U.S. states, London and Europe.Stewart Hall, CEO of PPHC, commented: “Reevemark is a game-changing acquisition for PPHC. Together with TrailRunner International and Tancredi, it positions PPHC as a global leader in litigation communications — one of the fastest-growing areas of our market — and adds market-leading expertise in transactions, shareholder activism, crisis and restructurings."This acquisition continues our strategy of accelerating growth through earnings-accretive acquisitions of complementary businesses in high-growth markets. Our pipeline remains strong, and we maintain significant liquidity to deliver on our growth ambitions and create long-term shareholder value.”Brandy Bergman, CEO and Founding Partner of Reevemark, commented: “We are thrilled to join such a well-respected global group. PPHC and TrailRunner International have the platform, the reach, the people and the structure to serve more clients worldwide on bet-the-company matters. From the start, Reevemark has been built to advise clients when the stakes are highest — in the courtroom, in the boardroom and in the market. Joining TRI alongside Tancredi lets us bring that counsel to clients seamlessly on a global basis, while keeping the senior-led client service and entrepreneurial culture that define our firm’s success. For our team and our clients, this is an extraordinary next chapter.”Jim Wilkinson, Executive Chairman of TrailRunner International, commented: “Reevemark is one of the most respected names in high-stakes communications, and its team has been on the front lines of many of the most consequential litigation, transaction and communications situations of recent years. In adding Reevemark to the Group, we bring market-leading capabilities across litigation, crisis, corporate and financial communications, and this combination takes a major step toward our ambition to build the world’s best advisory platform.”Reevemark’s exclusive financial advisor in the transaction was GP Bullhound.

Public Policy Holding Company, Inc. has acquired The Advocacy Partners, a leading Florida government relations firm, in a deal valued at up to $75 million.The acquisition, completed Aug. 1, 2026, establishes PPHC in Florida, the fourth-largest US state economy, and adds a bipartisan practice with $9.5M in net revenue and 48% profit margins in 2025.Initial consideration was $20.4 million, comprising $18.36M in cash and $2.04M in shares. Future earnouts of up to $54.6M are contingent on profit growth through 2030.The Advocacy Partners, co-founded by Slater Bayliss and Stephen Shiver, will retain its brand and team. The deal builds on PPHC’s state-level strategy following prior moves in California and Texas, and expands its integration with MultiState’s coast-to-coast lobbying network.Stewart Hall, CEO of PPHC, commented: “Led by two founders who built a high-margin business serving a blue-chip client base in one of America’s most important policy markets, we are very excited to welcome The Advocacy Partners to PPHC. What excites us most is the people, the relationships, and the opportunities it creates. Slater, Stephen, and their team have spent more than two decades building one of the most trusted, senior and respected practices in Florida, and a firm whose clients stay because the counsel is consistently exceptional. For our clients, this Acquisition unlocks integrated, senior-level advocacy in a state that increasingly drives national policy debates. Combined with our other U.S. State Government Relations assets nationally, this gives clients a coast-to-coast state government affairs offering that no other can match.”Slater Bayliss, Co-Founder, The Advocacy Partners, commented: “For more than two decades, we have built The Advocacy Partners around the conviction that great government relations work begins and ends with people. The team you put in front of clients and the trusted relationships those professionals carry into the rooms that matter. PPHC shares that conviction. Joining the Group allows us to keep doing what we do best for our clients while adding the breadth of a federal team, a national sector practice and an international network that materially expands what we can deliver. We are excited about the opportunities this creates for our colleagues, for our clients and for the next generation of leaders we are building at the Firm.”Stephen Shiver, Co-Founder, The Advocacy Partners, added: “Over the years, we have had conversations with a number of organizations, but the people at PPHC made this opportunity stand out. We share a core belief that relationships matter, culture matters, and reputation is earned over decades, not transactions. We are joining an organization that appreciates the foundation that has made TAP successful and wants to build on it."