Kalil & Co. announced today of  Lamar Outdoors’ purchase the Tulsa based assets of Tyler Outdoor.  Billboard Insider reached out to Lou McDermott of Kalil & Co. for more detail on the acquisition.

Lou, so how did this deal come together?

Kalil and Tyler have worked closely for several decades. When the Tylers decided these assets were worth more to someone else, they engaged us to sell them.

Were there other companies interested in bidding on the assets?

Yes, it was a competitive process.

What assets did Tyler sell in the transaction?

Tyler sold a handful of locations located in Tulsa, with a mix of both digital and static faces. Tyler Outdoor Advertising has 1,500 billboards and streetside displays throughout the Oklahoma City Metro. Their assets in Tulsa were outside that main footprint and an obvious choice to sell to someone with more scale in the Tulsa Metro.

Lamar has been very successful in acquiring OOH assets during the 4th quarter of 2022?

Yes, they have been. They are a pleasure to work with, move quickly, and do as they say.

What is your sense of the M&A market as we enter into 2023?

OOH M&A will remain hot through 2023, in spite of the headwinds our economy is currently experiencing. Even with rising rates, operators remain acquisitive as the space shows no signs of slowing down. We are definitely bullish on this year’s coming activities.

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