Grey Outdoor LLC has acquired select Florence SC Billboards from Myrtle Beach Outdoor Advertising. Williamson and Associates was the broker.  The purchase includes 14 billboard faces and 6 structures. 12 of the sign faces are located on I-95 south of Florence SC, between Mile marker 147 and Mile marker 151.  These signs are located between Florence SC and Charleston SC. Two of the sign faces are located on Hwy 76 in front of the Timmonsville SC airport. The sign face sizes are 10×24, 10×20, and 8×40 ft and most are lighted signs. The signs were originally built and operated by Weatherly Sign Company of Timmonsville SC.  Insider talked with owner Grey Vick about the purchase.

What interested you in these signs?

The locations were complementary with our existing coverage.  We bought the Cardinal sign company last year and that covered a lot of the secondary roads in this same area. Since these were on I-95 they fit in well with those other locations and our existing advertisers were interested in these. The cost was also reasonable considering the locations and structures.

Do you expect to do more acquisitions?

Yes we will definitely be doing more acquisitions, mostly smaller purchases for 20 signs or less. We are very conservative with buying assets because we have mainly built the company through building structures one by one.

Where would you like to grow?

We will be growing a lot more close to home here in North Carolina, but we will be doing more in South Carolina as well. To help us grow, we are in need of a great salesperson to join our team. If interested please email me at Grey@greyoutdoor.com

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