Rumor has it that private equity fund GTCR has signed an agreement to sell the last remaining Fairway Outdoor markets (Georgia, Alabama, Florida and Kentucky) to Standard Outdoor.

Standard Outdoor is a subsidiary of Standard Diversified, the publicly-traded holding company which has investments in out of home, tobacco and insurance.  Standard owns out of home assets in central Texas, northern Alabama, northeastern Florida and southeastern Georgia.

Stay tuned.

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