(Chicago, Ill. – March 9, 2020) Heritage Outdoor Media, a New York City-based boutique out-of-home media company, today announced the acquisition of 19 digital displays in the city of Chicago, Illinois, from 365 Outdoor. The deal has accelerated Heritage’s growth strategy in Chicago and helps solidify the firm’s presence in the market.

“This acquisition greatly enhances Heritage’s footprint in Chicago,” said Rob Tuccillo, co-founder of Heritage. “We view this as an attractive opportunity to take advantage of the industry’s growing trend towards digital.”

“I’ve always loved the Chicago market and I’m excited at the presence this acquisition gives Heritage Outdoor in Chicago,” said Terry Carmody, co-founder of Heritage.

The acquired assets add to Heritage’s coverage across Chicago, which now includes Old Town, Wicker Park, Lincoln Park, Lakeview, The Loop, Wrigleyville, Fulton Market district, and the United Center.

About Heritage Outdoor Media:
Heritage Outdoor Media is a fast-growing boutique out-of-home advertising company that operates premier digital and static billboards in New York City, Chicago, and Los Angeles.

Heritage’s Terry Carmody tells Insider that Heritage used capital raised a year ago to fund new builds in NYC and to fund this acquisition and that Heritage has a judicious appetite for more acquisitions.  Heritage goes to 39 total digital screens including an iconic Daktronics-built screen in Manhattan.  Gabe Oliverio of Johnsen Fretty brokered the transaction.  He says, “The spinoff of these digital assets is the third transaction in 15 years that we’ve completed for the principals of 365.  We are happy these great digital assets are in the hands of a very capable operator like Heritage, which is noa a major player in downtown Chicago.”

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