Confidential Information Memorandum

Powers
Interactive

A high-impact, tech-driven digital media buying platform specializing in elections, advocacy, and issue-driven campaigns. Delivering AI-augmented execution powered by proprietary data infrastructure.

Disclosure & Contact

Disclosure & Contact Information

Capstone Partners has been engaged as the exclusive financial advisor to Powers Interactive Digital for the solicitation of a qualified buyer to acquire the Company. This Confidential Memorandum has been prepared to assist qualified parties in their evaluation. All inquiries should be directed to Capstone Partners. Contents have not been independently verified. Use is governed by a signed confidentiality agreement.

Adam Birnbaum
Managing Director
(917) 273-5320 · abirnbaum@capstonepartners.com
Bob Balaban
Managing Director
(303) 792-9400 · bbalaban@capstonepartners.com
Raj Gaglani
Vice President
(561) 724-8926
Brad Petitpas
Associate
(617) 368-0904
Matthew May
Analyst
(914) 274-7812
Executive Summary

Powers Interactive At A Glance

Powers Interactive has built the context engine for political and advocacy digital advertising. The Company sits at the convergence of AdTech and Managed Services, delivering AI-augmented execution powered by proprietary data infrastructure that no competitor can replicate.

Political Campaigns

Data-driven digital strategies that mobilize voters and shape public opinion. Partnering with candidates, consultants, and PACs.

Advocacy

Targeted outreach for mission-driven organizations that builds awareness and influences policy outcomes.

Commercial

Helping brands navigate complex public affairs landscapes with curated inventory and cross-channel precision.

Key Metrics
750+
Campaigns Supported (2025)
800+
Clients Worldwide
20K+
Digital Projects Executed
21
Employees · 10+ Avg Yrs Experience
% of 2025 Booked Revenue
58% Elections
31% Advocacy
11% Commercial
Executive Summary

Targeted Media Solutions Driving Influence & Impact

Campaign - DirectThird PartyAdvocacyCommercial
Who?Candidates or CommitteesPACs, super PACs, independent groupsIssue-based orgs, nonprofits, trade associationsCorporates seeking targeted digital reach
Client GoalPersuade and mobilize votersBroader influence, issue framing, turnoutInfluence policy, shape public opinionElevate brand perception
Why Powers?Compliance-sensitive, fast optimization, granular targetingRapid scaling, niche audiences, complianceTech-driven reach to legislators, staff, citizensCurated inventory, cross-channel precision
Platforms
Meta YouTube Linkedin Spotify hulu peacock Outbrain triplelift
Elections Revenue ($M)
$11.42022A $5.32023A $19.92024A
Public Affairs Revenue ($M)
$5.42023A $9.72024A $12.82025A
Executive Summary

Why Powers Wins

Three pillars that no competitor can replicate in combination.

Clients

Trusted by Leading
Campaigns & Corporations

Channel Partners

Integrated Ecosystem
Continuity & Engagement

Powers Interactive

Proven Leadership in
Digital Advertising

1 · Strategy-First

Proprietary historical datasets inform every decision. Years of performance data identify high-impact platforms. Every media dollar deployed with precision.

2 · Urgency-Driven

Campaigns launch in under 24 hours, often within the hour. Always connected. Managed service partners for peak periods without compromising quality.

3 · AI-Augmented Execution

Proprietary database powers end-to-end automation. From IO inputs to margin analysis to reporting, AI is embedded in every workflow.

The Technology Thesis: Context Is the Moat · AI Amplifies Humans · Infrastructure Compounds
Executive Summary

AI-Enabled Workflows Across the Business

Production systems that have materially reduced headcount requirements and streamlined the Company's ability to scale.

FunctionAI-Enabled WorkflowImpact
SalesAutomated prospect ID via CortX; AI outreach; pipeline scoring.Relationship-driven closing. Higher conversion.
FinanceAutomated margin analysis; real-time pacing; payment links.Real-time P&L at campaign level.
LegalAI-assisted policy generation; automated compliance checking.Reduced burden, maintained rigor.
OperationsAutomated launch kits; AI-driven spend reallocation.Launch in under 24 hours.
MarketingAI Podcast Summary Tool; automated thought leadership.100+ subscribers. 25K+ reached.
ReportingAutomated EOL reports; real-time dashboards.Eliminated manual compilation.
Powers designed its data infrastructure from inception to be AI-native. This is not retrofitting AI onto legacy processes.
Executive Summary

Transaction Overview

Ownership

Rich Masterson, Jordan Lieberman, Linda Montemayor, David Powers, and Connor Masterson, along with an equity appreciation rights pool, collectively own Powers Interactive Digital, LLC and its subsidiaries.

Reason for Sale

The Company has reached a key inflection point and is seeking a majority recapitalization or full sale. The leadership team intends to remain post-transaction.

Process

Capstone Partners as exclusive financial advisor. Citrin Cooperman preparing Quality of Earnings analysis.

Transaction Structure
Management Team
Powers Interactive Digital, LLC
Landslide Partners
American Digital Strategies
II
Key Investment Highlights
Seven pillars that make Powers Interactive a compelling platform investment.
Investment Highlight 1

Leading Proprietary Technology Platform

Four interconnected systems form a compounding data and intelligence flywheel.

Bedrock · Data Lake

Immutable, append-only data lake. Bronze → Silver → Gold architecture ingesting all operational, campaign, financial, and market data.

Foundry · Operating System

Application layer for rapid build, deploy, and scale of internal and external tools. Dramatically reduces development timelines.

Sentry · Ad Intelligence

18M+ FEC disbursements, 23M+ state disbursements, 65K+ political careers. Aggregates, normalizes, maps the ecosystem.

CortX · Neural Network

Trained on the Company's unique political economy dataset. Generates predictive insights and powers strategic decision-making.

Foundry transforms Powers from a services company that uses technology into a technology platform that delivers services. This shift is critical for multiple expansion.
Investment Highlight 1A

AI-Powered Targeting

Transforms first and third-party data into high-performing audience segments with inner-circle precision.

CapabilityValue
First-Party DataClient lists matched to device graph within hours
Precision MappingGranular profiles from multiple data sources
Cross-PlatformACR data unifies linear and digital
Inner CircleMaps thousands of individuals close to a target
Data Partners
L2 Quorum PDI Aristotle AdImpact LiveRamp TargetSmart
Carol Miller Inner Circle Targeting

~2,000 personal, political, and professional connections mapped per target

Investment Highlight

CortX: The Political Economy Neural Network

Where Sentry aggregates and maps data, CortX interprets it. Trained on the Company's unique political economy dataset.

Prospect Scoring

AI-driven identification of highest-value targets based on spending history, consultant relationships, and campaign cycle positioning.

Relationship Mapping

Models influence networks and inner circles to understand who drives decisions and how budgets flow through the political consulting ecosystem.

Campaign Optimization

Performance prediction improving targeting, channel selection, and budget allocation from historical outcome data.

Live Network Graph: Tribal Relationships
CortX Tribal Network

Powers Interactive sits in the bipartisan tribe of political operators: the structural middle where staff circulate, alumni overlap, and firms transact across party lines.

Investment Highlight 1D

Sentry: Political Ad Intelligence

Proprietary intelligence platform that aggregates, normalizes, and maps political advertising data across the entire ecosystem.

18M+
FEC Disbursements Indexed
23M+
State Disbursements Indexed
65K+
Political Careers Mapped
Data Aggregation

Pulls from dozens of public and proprietary sources including campaign filings, vendor disclosures, and platform-specific ad libraries.

Normalization & Analysis

Cleans and structures historically fragmented data to reveal relationships among organizations, individuals, and spending patterns.

Dynamic Mapping

Living, interactive view of the political economy showing who is spending, where, how much, and through which channels.

Commercial Applications
Acquisition Intelligence

Flags high-potential targets using behavioral and financial indicators.

Competitive Insights

Quantifies market share across the political economy.

Thought Leadership Engine

Sentry data powers proprietary content driving significant inbound demand.

Investment Highlight 4

Execution Framework That Fuels Growth

Speed, scalability, and financial efficiency in a self-reinforcing cycle.

CPM Pricing

30%-70% gross margins by tactic. Rapid activation without complex negotiations.

Cash Flow Advantage

Negative cash conversion cycle since inception. Clients pay before launch. Self-funding tech investment.

Operational Flexibility

Managed service partnerships for peak demand. AI-driven efficiency. Minimal fixed overhead.

Gross Margin %
48.4%2022 46.1%2023 41.0%2024 48.2%2025 46.5%2026P
Revenue Per FTE ($K)
$1,7002022 $7502023 $2,0002024 $8762025 $2,2802026P
Cash Conversion Cycle (Days)
-2
2022
-7
2023
-8
2024
-6
2025
-7
2026P
Investment Highlight 5

Leader in Political & Digital Advertising

Thought leadership and industry visibility fuel client acquisitions and strategic partnerships.

2.6x
On-Cycle Customer Growth
61%
2-Year CAGR Customers
28%
Off-Year Customer Growth
52%
Customer Base vs 2022
76%
On-Cycle Net Revenue Retention
“Full-service digital buying doesn't come close to describing the partnership, deep industry knowledge, and customized solutions that Powers Interactive provides. The team's attention to layered delivery and audience targeting has played a stand-out role in our most effective and successful campaigns.”
Senior Director, Creative & Digital Engagement — Stand For Children
Investment Highlight 6

Political Advertising Market Resilience

Spending surges each cycle regardless of economic conditions.

✓ Fixed election timelines create predictable demand spikes every two years.

✓ Donor-driven budgets, independent of GDP and consumer spending.

✓ Structural shift: growing share of budgets moving to digital.

✓ Recession-resistant: spending increases even during downturns.

Political Spending vs GDP
~$14B
Total Political Spend
~$3.5B
Total Ad Spend
~$2.3B
Digital Ad Spend
2024 US Election Cycle · Source: FEC, OpenSecrets, AdImpact, Kantar
III
Actionable Growth Opportunities
Significant near-term growth opportunities provide a clear runway for meaningful revenue expansion.
Growth Opportunity

Client Development

Expanded sales reach, deeper account penetration, and a rapidly scaling advocacy practice.

+14%
On-Cycle Avg Order Size
+16%
Off-Year Avg Order Size
+22%
YoY IOs Per Client

Clients reliably return in subsequent cycles. Activity and spend show meaningful cycle-to-cycle growth, highlighting a scalable opportunity to deepen wallet share.

Advocacy Revenue ($M) — CAGR: 69.5%
$2.22022A $3.72023A $7.92024A $10.82025A
Growth Opportunity

Strategic Partnerships

Repeatable framework for scaling access to premium clients and incremental revenue.

Partnership Case Study
Large Agency Referral Partnership

Problem: High-value prospects exclusively engage large agencies, placing them out of reach at Powers' scale.

Solution: In 2024, Powers formed a referral partnership. Prospects onboard through the partner while Powers earns a structured referral fee.

Rationale: Economic participation in inaccessible opportunities. Market credibility via top-tier alignment. Enterprise-level relationship exposure.

$800K+
Revenue Commission
Pipeline Activated
Repeatable Framework
Company Overview

Innovative & Experienced Management Team

Decades of combined experience. The core team has worked together for nearly two decades, across multiple ventures including Audience Partners (acquired by Altice, 2017).

Rich Masterson
Chairman
Founded US Interactive (1994, IPO). Audience Partners (2007), exited to Altice 2017. Founded Powers Interactive 2022.
Jordan Lieberman
CEO
UPenn. Led Campaigns & Elections magazine. Audience Partners Politics & Public Affairs lead. Data-driven media leadership.
Linda Montemayor
CLO & COO
Columbia Law J.D. GC & CCO at Audience Partners. VP Legal post-Altice. Expanded to back-office oversight.
Dave Powers
SVP Operations
Built Ad Operations at Audience Partners (2011). Scaled programmatic political advertising capabilities.
Connor Masterson
VP, AI & Automation
Founded Jobly (2013), Mission Ctrl (2017). Full-time 2023 leading tech stack across all business functions.
Financial Summary

Historical Financials

$ in Millions2023202420252026E
Advertising Service Revenue$X.X$X.X$X.X$X.X
Commission Revenue$X.X$X.X$X.X$X.X
Total Revenue$X.X$X.X$X.X$X.X
Revenue Growth (%)X.X%X.X%X.X%X.X%
Gross Profit$X.X$X.X$X.X$X.X
Gross Margin (%)X.X%X.X%X.X%X.X%
EBITDA$X.X$X.X$X.X$X.X
Adjusted EBITDA$X.X$X.X$X.X$X.X
Adj. EBITDA Margin (%)X.X%X.X%X.X%X.X%

To be updated upon completion of Quality of Earnings analysis by Citrin Cooperman.

Thank You

Powers Interactive

For inquiries, please contact Capstone Partners.

Boston
10 Post Office Square, Suite 800N
Boston, MA 02109
New York
104 West 40th Street, Suite 340
New York, NY 10018
Contact
Raj Gaglani, VP
(561) 724-8926
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