Earlier this month, Genesis Outdoor Advertising divested its Mid-Atlantic outdoor advertising plant to Lamar Advertising Company. The sale included digital and static advertising faces located across eastern Ohio and western Pennsylvania.
“After many years of hard work to find good locations, to get them entitled, and build both static and digital billboards, we were very pleased to accomplish our exit plan by divesting these assets to Lamar”, said Genesis President, Jim Barrons. “I am very thankful to our employees and to all of those who helped us bring this venture to a successful conclusion.”
Johnsen, Fretty & Co., LLC acted as financial advisor to Genesis, while Plattner, Schneidman, Schneider & Jeffries, PC acted as legal advisor. Butler Snow, LLP acted as legal advisor to Lamar in the transaction.
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