Tag: gtcr

Billboard Insider’s 2020 Out of Home Investor List

Many private equity funds and family offices are intersted in out of home to judge from the calls Insider gets.  Professional investors like the industry’s barriers to entry, low technology risk and digital billboard upside.  Billboard Insider has compiled a list of 31 firms which have invested in out of […]

Fairway’s Last Two Markets Sold?

Rumor has it that private equity fund GTCR has signed an agreement to sell the last remaining Fairway Outdoor markets (Georgia, Alabama, Florida and Kentucky) to Standard Outdoor. Standard Outdoor is a subsidiary of Standard Diversified, the publicly-traded holding company which has investments in out of home, tobacco and insurance.  […]

Buying Stock Versus Buying Assets

Insider noticed  Lamar bought stock when it purchased certain Fairway Outdoor assets in December. Sellers like to sell stock rather than assets because they get better tax treatment and the transaction is easier.   Buying stock is OK for a big public out of home company but Insider recommends against small out of […]

Sean Reilly on Fairway: We got exactly what we wanted.

Here’s a summary of Sean Reilly’s comments from last Friday’s conference call announcing the $418.5 acquisition of 8,500 Fairway outdoor faces in North Carolina, South Carolina, Georgia, and Wisconsin. On how the transaction came together “We had looked at this property about 4 years ago and we were outbid by […]

Bloomberg Confirms Lamar Purchase of Fairway Assets

Bloomberg has confirmed that Lamar is nearing a deal to buy Fairway Outdoor Advertising Billboards in North and south Carolina, North Georgia and Wisconsin. Bloomberg reports a purchase price of $416.5 million, slightly less than the $425 million which Insider reported earlier today. Fairway Equity Investor GTCR gets liquidity on […]