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RNS Number : 6898C  Public Policy Holding Company, Inc.  01 May 2026

PPHC Expands MultiState Associates' Stakeholder Engagement Capabilities and
TVR

Public Policy Holding Company, Inc. ("PPHC" or "the Company") (NASDAQ: PPHC),
a leading global strategic communications provider, today announced that
MultiState, a PPHC subsidiary providing state-level government relations, has
hired Lee Cowen and Nicholas Evans, specialists in  federal, state, and local
government relations, through the acquisition of the assets of their
respective management companies Cowen Consulting, LLC and Putnam Strategies,
LLC.

The acqui-hire additions significantly expand MultiState's stakeholder
engagement practice, which works with political organizations including
governors' associations (NGA, RGA, DGA), attorney general groups (NAAG, RAGA,
DAGA), and other state-level (political and policy) organizations. With the
addition of Lee Cowen and Nicholas Evans, MultiState's dedicated stakeholder
engagement team continues its growth, complementing a broader group of
MultiState staff who engage in stakeholder work across their portfolios.

MultiState established its stakeholder engagement practice over the past three
years under the leadership of Maggie Mick, who previously served as Chief
Advancement Officer at the Council of State Governments. The hiring of Lee
Cowen and Nicholas Evans accelerates the growth of the practice and positions
the firm to better serve large clients who require sophisticated multistate
strategies.

Lee Cowen and Nicholas Evans bring an established client roster of major
national companies and organizations. They have built trusted relationships
over decades in state government affairs, and their clients represent strong
candidates for MultiState's broader suite of services, including issue
management and lobbying compliance.

Issue of Consideration Shares and Total Voting Rights

As part of the initial consideration payable, 21,996 New Common Shares
("Consideration Shares") have been issued to the sellers. Application has been
made for the Consideration Shares, which will rank pari passu with the
existing Common Shares in issue, to be admitted to trading on AIM. Dealings
are expected to commence on or around 7 May 2026.

Following the issue of the Consideration Shares, the Company's total issued
and voting share capital upon admission will consist of 29,350,077 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:

"MultiState has built something unique and distinctive in the state government
affairs market, and stakeholder engagement is a natural extension of that
offering. Lee and Nicholas are highly experienced and well-regarded
professionals with strong client relationships, and we see real opportunity to
offer those clients the full breadth of MultiState's and PPHC's capabilities."

Joe Crosby, CEO of MultiState Associates, commented:

"Lee and Nicholas are exactly the kind of people anyone would want on their
team. They have been incredibly successful on their own yet recognize the
additional value we collectively will bring to our clients. We've made
significant investments in building our Stakeholder Engagement practice,
guided by Maggie Mick and supported by our deeply experienced team - making
this the perfect time for Lee and Nicholas to join us. Several of us have
known Lee and Nicholas for decades; they are genuinely good people and
extraordinary professionals who will accelerate our growth."

Lee Cowen, Founder of Cowen Consulting, commented:

"Nicholas and I are thrilled to be joining MultiState and the entire PPHC
family.  We have known the MultiState folks for decades, and we're excited to
be able to enhance their stakeholder engagement practice while also being able
to offer our current - and future - clients more of the complimentary services
provided by MultiState and the PPHC team. With increased focus on the state
policy front, we became convinced that a more comprehensive suite of services
- such as issues management, compliance, research, etc. - is necessary for
businesses and associations as they work with state governments to achieve
their policy goals. For Nicholas and me, MultiState was the obvious choice
when looking for the right teammates."

Enquiries

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

 Stewart Hall, CEO

 Roel Smits, CFO
 Stifel (Nominated Adviser & Joint Broker)                      +44 (0) 20 7710 7600

 Fred Walsh, Brough Ransom, Ben Good, Daniel Dearden Williams
 Canaccord Genuity (Joint Broker)                               +44 (0) 20 7523 8000

 Simon Bridges, Andrew Potts
 Burson Buchanan (Media Enquiries)                              +44 (0) 20 7466 5000

 Helen Tarbet, Toto Berger, Jesse McNab                         pphc@buchanan.uk.com

 

About MultiState Associates

MultiState Associates is a PPHC subsidiary providing state-level government
relations, issue management, regulatory tracking, and lobbying compliance
services. MultiState helps companies and trade associations navigate the
multistate policy landscape through a combination of strategic advisory,
technology-enabled monitoring, and direct stakeholder engagement.

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 1,400 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".

For more information, visit www.pphcompany.com.

 

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