Moorgate Capital Partners has compiled an interesting table showing the public OOH company M&A activity from 2019 to 2023.  Some Billboard Insider observations.

• Acquisitions have slowed dramatically at the public out of home companies.  They closed only $163 million in acquisitions during the first 9 months of 2023, down from $619 million of acquisitions during the first 9 months of 2022.
• Lamar has spent $1.1 billion on acquisitions since 2019, followed by OUTFRONT ($610 million in acquisitions) and Clear Channel Outdoor ($94 million million in acquisitions).

If you are interested in obtaining Moorgate’s 3Q 2023 OOH report contact Jeff Seddon, Vice President, Moorgate Capital Partners, jeff.seddon@moorgatepartners.com, 609-276-2508.

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