The out of home deal market is “incredibly strong” says out of home investment banker Max Drachman on this week’s Billboard Insider podcast. Max has more than 10 years experience in out of home dealmaking with Kalil & Co. Here are some highlights. Your firm Kalil is also a large […]
Finance
Out of Home Lenders and Investors at the 2019 OAAA
Insider counted 4 bankers, 2 equity investors and 5 investment bankers at the 2019 OAAA show. Here’s a list of who attended and in what capacity. Keep this in mind the next time you’re searching for money or need an investment banker. [wpforms id=”9787″] Paid Advertisement
Outfront Prices $650 Million in Senior Debt
Outfront announced that two of their wholly-owned subsidiaries priced a private offering of $650,000,000 in aggregate principal amount of 5.000% Senior Notes due 2027. Outfront intends to use the net proceeds from the notes offering, together with cash on hand, to redeem all of its outstanding $550 million 5.250% […]
Metro Phoenix Bank Targets $1 to $10 Million Out of Home Loans
Few banks understand the market for small out of home loans. Metro Phoenix bank is changing that with a strategy which is targeting $1-10 million out of home loans nationwide. Metro Phoenix bank is a member of the OAAA. Insider talked with Metro Phoenix founder and CEO Steve Haggard about […]
Azalea Buys Knight Outdoor
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 […]
IBO Teams with Heartland to Provide World Class Credit Card Processing
As more companies move to the convenience of online transactions and credit card usage, the fees from such services as Square and Intuit Quickbooks can take a real bite out of revenues. IBOUSA has teamed up with Heartland, a subsidiary of Global Payments Inc, a NYSE traded public company to […]
Lamar Advertising Company Names Jay Johnson Chief Financial Officer
May 30, 2019 – Baton Rouge, LA – Lamar Advertising Company (Nasdaq: LAMR), a leading owner of outdoor advertising and logo sign displays, today announced that Jay Johnson has been appointed Chief Financial Officer effective October 1, 2019. Mr. Johnson, 42, has served as Executive Vice President and Chief Financial […]
Link Media Revenues Up Sharply in 1Q 2019
Link Media Outdoor, the wholly owned subsidiary of Boston Omaha, grew rapidly in the first quarter of 2019 due to acquisitions which occurred in the latter half of 2018. Here’s a snapshot of the Link Media Outdoor performance for the first quarter of 2018. Net billboard revenues increased 337% to […]
Paul Wright says out of home values are 10.5-11 times cashflow
This week’s Billboard Insider podcast features Paul Wright, the top out of home valuation expert in the United States. Paul’s firm SignValue.com appraises billboards, billboard leases and billboard easements. Paul talks about out of home values, a tax case that could hurt values, Landmark Infrastructure and what he thinks of […]
Outfront revenue up 10% in 1Q 2019
Outfront had a strong first quarter 2019. Here are the results from the earnings release and investor presentation for the three months ended March 31, 2019. Revenues increased by 10% to $371 million during the first quarter of 2019. Billboards were up 5%. Transit was up 22% due to the […]