By Chris Stark and Craig Berry, Stark Capital Solutions If you’ve been keeping up with the news lately, you’ve probably seen discussions over rising interest rates and the Federal Reserve’s recent rate hike of 25 basis points in March, then another 50 basis points in May. With more rate hikes […]
Stark Capital Solutions acted as the exclusive advisor to Lamar Advertising Company in Lamar’s acquisition of Burkhart Advertising in South Bend, Indiana, which was announced yesterday. Burkhart, the 8th largest out-of-home company in the United States, was formed in 1964 by Charles Burkhart. The company was owned and run by […]
By Chris Stark and Craig Berry, Stark Capital Solutions Being heavily involved in both the brokerage and lending markets, Stark Capital Solutions has a unique perspective to analyze and account for certain industry trends. The booming M&A market has been well publicized over the past 6-12 months. However, our 2021 […]
At the most recent Independent Billboard Operators (IBO) Conference in Pittsburgh, Billboard Insider’s Dave Westburg moderated a fantastic panel discussion on industry merger and acquisition activity. During the discussion, Dave made some comments related to his thoughts on the healthy amount of debt for a billboard company. At Stark Capital […]
By Chris Stark and Craig Berry, Stark Capital Solutions With more than two-decades of industry experience, we at Stark Capital Solutions have had our fair share of questions being asked by operators all around the country interested in what other billboard companies are up to. Most often they want to […]
By Chris Stark, Stark Capital Solutions When I got started in the billboard industry over 20 years ago, valuations of billboard transactions were always referred to in terms of a multiple of revenue. Wow, valuation talk was so simple back then! There is no doubt that acquirers back then were […]
Where can I find billboards for sale? This is the third most viewed Billboard Insider post. The topic remains of interest to judge from the phone calls Insider receives. Here’s a refresh of the ways to find billboards for sale. Do-it-yourself. This means driving around or doing the internet research […]
Last Friday OUTFRONT CFO Matt Siegal suggested that out of home multiples are lower. Five investment bankers tell insider that there hasn’t been a dramatic shift in multiples. Max Drachman, Kalil and Co I believe there are many executives that would agree with Matt on feeling an acquisition today would […]
