February 12, 2025
Huntsville, AL – Mashburn Outdoor (“Mashburn”) announced today their acquisition of Outdoor Advertising Assets in Huntsville and Decatur, Alabama from Interstate Outdoor Advertising (“IOA”), a division of Nowlin Development Company, LLC (“NDC”). Drachman M&A Co. represented IOA in the transaction. Steve Grant of Grant, Konvalinka & Harrison provided legal representation to Mashburn. The transaction included four digital displays along with static coverage of the market. Terms of the deal were not disclosed.
“It was great working with the Mashburn team to bring this deal to a successful close. My sons, Matthew & Jackson, and I developed these assets with great care and strategy in mind, and we are confident in Mashburn’s ability to take them to the next level,” mentioned IOA and NDC Manager, HM Nowlin.
Richard Mashburn is enthusiastic about the market. Having recently completed another acquisition in Huntsville in December 2024, their growth plans in the area are coming together as planned.
“We have operated all over the Southeast, and Huntsville may be the most dynamic and exciting market we have seen. With the defense industry having such a formidable presence, consumer dynamics in the area are incredibly strong. These digital displays will fold into our network perfectly and put us in a strong position for further growth,” added Richard Mashburn.
Drachman M&A Co. CEO, Max Drachman, said the deal came together and closed quickly.
“Mashburn had an eye on these assets for some time, so when the opportunity to purchase them arose, he executed immediately. They have one of the most efficient closing processes in the country. The sellers were first class in terms of having all diligence items in order and held a deep and extensive background in real estate, law, and mergers and acquisitions, making them an excellent client. We wish both sides the very best.”
About Drachman M&A Co.
Drachman M&A Co. is the leading Outdoor Advertising Mergers and Acquisitions firm in the United States. Drachman M&A Co. is built on a foundation of trust, confidentiality, and integrity coupled with a reputation for persistence and delivering results for clients. We provide guidance and strategic advice from a position of total transparency and complete alignment with our clients’ goals.
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