PPHC | Market Cap: $211.1M (07/13/26)
Industry:
Commercial Services

DESCRIPTION

Plus One Hundred Holdings (PPHC) is a holding company that owns a portfolio of specialized government relations and strategic communications firms. PPHC's firms advise corporations, trade associations, and nonprofits on navigating legislation, managing reputations, and engaging stakeholders — including legislators, regulators, investors, and media. Clients include nearly half of the Fortune 100, and over 1,400 active clients in total. PPHC operates through three segments: Government Relations Consulting (~58% of revenue), which covers federal and state lobbying through firms including Crossroads Strategies, Forbes Tate Partners, and Alpine Group; Corporate Communications & Public Affairs, which covers crisis communications, investor relations, and public affairs; and Compliance and Insights Services, operated through MultiState, which provides lobbying compliance management and legislative tracking via a proprietary cloud-based platform. PPHC generates over 91% of revenue through retainers — clients pay recurring fees for ongoing advisory access — which creates strong revenue visibility. The business is asset-light and people-intensive, with employee compensation as the primary cost. PPHC centralizes back-office functions at the parent level to give member firms operational scale while preserving their individual brands. PPHC grows through acquiring founder-led boutique firms at modest upfront valuations, using structured earnouts tied to post-acquisition profit growth over 7-9 years, combined with organic growth driven by cross-referrals across member companies.

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