As anticipated, Metro Phoenix Bank has completed their transition to Alerus. You will still see the company as an active supporter of Billboard Insider, now featuring an Alerus banner in our morning email blast. Insider asked both Steve Haggard and Nick Gonzales for their thoughts regarding the transition of Metro […]
On today’s Billboard Insider podcast out of home banker Nick Gonzales talks about the out of home debt markets. Nick’s bank seeks $1-20 million out of home loans. Here are the highlights. On July 1 Metro Phoenix Bank was acquired by Alerus Financial Corporation. What does the acquisition mean for […]
Insider received some terrific feedback from readers after our article on the potential for increasing rates and tightening lending criteria – which may be causing uncertainty among OOH operators. Stephen P. Haggard, President and CEO of Metro Phoenix Bank is chiming in to explain how an operator can best preposition […]
Max Drachman of Drachman M&A Co. sent us a summary of his comments at the Out of Home mergers and acquisitions panel which Billboard Insider moderated at last week’s IBOUSA show. There’s been an uptick in multiples in the last six months. Market share is becoming more valuable. Digital billboards […]
Out of Home financing is a specialized form of finance. To save you the time and trouble of having to educate your lender on the ins and out of out of home here’s an alphabetical list of 51 out of home lenders prepared by SignValue and Billboard Insider. We’ve included […]
This week’s podcast guest is Jesse London, CEO of TierOne Media, a startup which recently purchased 5 out of home companies in the Southeast United States. Jesse talks about why he became an entrepreneur and what it was like raising a high seven figures amount of debt and equity. What […]
TierOne Media, LLC, announced it has acquired out of home billboard assets from multiple owners in the Greater Pensacola, Florida, Mobile and Montgomery, Alabama markets. Mostly large scale digital, the assets consist of 38 faces on 20 steel structures at strategic street and highway locations. In addition, TierOne acquired fully […]
Some thoughts and observations from Insider’s 23 years of lending and investing in out of home. The larger companies in OOH should be safe. That doesn’t mean that the perceived value of their business, publicly traded or not, won’t take a hit (we’ll discuss stock values later this week), but […]
The economy and the OOH industry has had a strong run over the last ten years. Cash flows are strong, profits are up and our values have been at all time highs. It has been good times for banks too, especially in the last two years. Their profits have been […]
Today’s podcast guest is Steve Haggard, President and CEO of Metro Phoenix Bank. He talks about making loans of $1-10 million to out of home advertising companies. Talk about Metro Phoenix Bank We are active with outdoor advertising media lending. We have actually been involved with that asset class […]
