Azalea Outdoor advertising has purchased 130 faces in Georgia and South Carolina from Knight Outdoor.  The transaction includes some digital billboards.  Insider talked with Marty Williamson, the transaction’s broker.

Is Azalea a startup.  

Not really…Azalea Outdoor is a subsidiary of Azalea Investments with headquarters in Augusta, Georgia.

Who are the principals.  

The principals of the company are members of the Morris family of Augusta.  Derek May is the President.

Some of your readers may remember that the Morris family, then owners of Fairway Outdoor, acquired Naegele back in 1985 and so they are not really new to our industry.

Is this their first transaction or do they own other assets. 

They already owned several billboards in Augusta and recently purchased a prime digital billboard in the market from one of my clients, Fox Outdoor.

What are their future plans.

I’m certain we will see continued growth from Azalea.  They love the business.

[wpforms id=”9787″]

Paid Advertisement