Tag: American Tower

Company of the Day: RSA Media

Company:  RSA Media Market:  Massachusetts Headquarters:  1 Huntington Avenue, Suite 1104, Boston, Massachusetts  02116 Phone:  617-227-4858 RSA Media owns a billboard plant with 30 faces (16 static and 14 digital) in Massachusetts.  The company is a member of the OAAA and Geopath.  James Lack founded RSA in 1987 and is currently […]

Why tower companies trade at a higher multiple than out of home companies.

Huntington Outdoor President Justin Powell comments on a recent Billboard Insider article. This caught my attention: “We are selling towers for 20–30 times tower cash flow, and typically get over twenty offers per engagement.” Why aren’t billboards selling for multiples like this? Insider’s take:  Out of home assets typically trade […]

American Tower and Out of Home

American Tower has entered the out of home business with the purchase of RSA in Boston and some Total Outdoor assets in Boston.  Kalil and Company handled the RSA transaction.  PJ Solomon handled the Total transaction.  The company has been low profile about its investments.  No mention of out of […]

Max Drachman on 2019 M&A Activity & Beyond

With Kalil & Co. handling the recently closed MH Outdoor, New South transaction, we talked with Max Drachman about the 2019 M&A market and beyond. Max, what trends are you seeing in the M&A market? It has been more of the same for the last few years.  The industry is […]