RCS - Public Policy Hldg - 2023 Lobbying Disclosure Act revenue rankings

Public Policy HoldingAnnouncement

24/01/2024 07:15

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RNS Number : 6853A  Public Policy Holding Company, Inc.  24 January 2024

 

 REACH  24 January 2024

 

Public Policy Holding Company, Inc.

 

("PPHC", the "Group" or the "Company")

 

2023 Lobbying Disclosure Act revenue rankings

 

Public Policy Holding Company, Inc., the government relations and public
affairs group of companies providing a comprehensive range of advisory
services, has been recognised as the top federal lobbying agency in the US in
2023, with its federal lobbying firms collectively reporting $68.3m of
disclosed revenue.

 

The sustained strong performance by PPHC represents a continuation of its run
at the top of the LDA rankings, which it also topped in 2022 and for each
quarter of 2023. PPHC's $68.3m in disclosed revenue is an increase of 3.6%
over its performance in 2022, when it reported $65.9m in disclosed revenue.

The growth achieved in 2023 shows the resilience of PPHC and its firms
throughout varied conditions for Lobbying services, given it was achieved in a
year that included challenges resulting from the delayed formation of the
majority leadership in the House of Representatives in the early part of the
year.

 

While contributing to Group-wide growth, PPHC's three contributing federal
advocacy firms - Forbes Tate, Crossroads Strategies and Alpine Group - each
reported growth within the rankings and maintained their individual positions
inside the top 20.

 

Forbes Tate, #11(th) on the rankings, delivered $25m (vs. $24.4m in 2022) at
growth of 2.5%; Crossroad Strategies, #12(th) on the rankings, delivered
$24.8m (vs. $23.6m in 2022) at growth of 5.1%, representing the strongest
performance of the three PPHC firms; and Alpine Group, #17(th) on the
rankings, delivered $18.5m (vs. $17.9m in 2022), at growth of 3.4%.

 

PPHC's firms went from strength to strength in 2023, not only retaining the #1
spot in all four quarters but also showing consistently strong performances in
each quarter; they collectively reported federal lobbying revenue of $16.7m
(Q1), $17.1m (Q2), $17.3m (Q3) and $17.2m (Q4).

 

LDA revenue is not reflective of each of the three operating companies'
revenue performance for 2023 and therefore does not represent their total
contribution to overall Group revenue. The performance does however show the
inherent quality of PPHC's operating companies, which continually deliver top
performances and consistently win industry awards, and employees, who gain
significant recognition for their achievements.

 

The LDA applies to any entity or individual that lobbies at the federal level
above certain thresholds and imposes registration and reporting obligations to
ensure transparency. Disclosures under the act are publicly available and the
rankings are released quarterly.

 

Stewart Hall, CEO of PPHC, commented:

"Last year was not straightforward in terms of the provision of lobbying
services, so to have maintained the top spot in the whole year while each of
our three contributing firms delivered solid federal lobbying growth is no
mean feat. It is a testament to the quality of our operating companies and our
excellent people. PPHC continues to be very well positioned to capture the
broader growth of the sector, with clients able to benefit from the great
depth of services that we provide across a number of geographies and in a wide
variety of economic segments."

 

Enquiries

 Public Policy Holding Company Inc.         +1 (202) 688 0020

 Stewart Hall, CEO

 Roel Smits, CFO

 Thomas Gensemer, Chief Strategy Officer

 Stifel (Nominated Adviser & Broker)        +44 (0) 20 7710 7600

 Fred Walsh, Tom Marsh
 Buchanan Communications (Media Enquiries)  +44 (0) 20 7466 5000

                                          pphc@buchanan.uk.com (mailto:pphc@buchanan.uk.com)
 Chris Lane, Toto Berger

 

About PPHC

Incorporated in 2014, PPHC is a US-based government relations and public
affairs group providing clients with a fully integrated and comprehensive
range of services including government and public relations, research and
digital advocacy campaigns. Retained by over two-thirds of its 1000+ clients,
including corporates, trade associations and non-governmental organisations,
the Group is active in all major sectors of the U.S. economy, including
healthcare and pharmaceuticals, financial services, energy, technology,
telecoms and transportation. PPHC's services support clients to enhance and
defend their reputations, advance policy goals, manage regulatory risk, and
engage with US federal and state-level policy makers, stakeholders, media and
the public.

 

PPHC operates a holding company structure and currently has eight operating
entities comprising Crossroads Strategies, Forbes Tate Partners, Seven Letter,
O'Neill & Associates, Alpine Group Partners, KP Public Affairs, MultiState
Associates and Concordant Advisory. Operating in the strategic communications
market, the Group has a strong track record of organic and acquisitive growth,
the latter focused on enhancing its capabilities and to establish new
verticals, either within new geographies or new related offerings.

 

For more information, see www.pphcompany.com (http://www.pphcompany.com/) .

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