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 […]
Standard Diversified the public tobacco, vaping, insurance and out of home company sold Standard Outdoor, LLC to Billboards LLC, an affiliate of Standard General L.P. The spinoff is part of a plan of reorganization. Here’s what Insider has learned from Standard’s April 13, 2020 Sale announcement, 2019 10k and first quarter […]
Today’s podcast guest Steve McNeely has 30 years experience investing in out of home companies. Steve talks about his newest out of home investment, what he thinks of the public out of home companies and private equity’s biggest issue with out of home. Last July you assisted Blackbird Media […]
This week Lamar refinanced its 5 3/8% notes with 3 3/4% and 4% notes Here’s a table showing borrowing costs for the public out of home companies. Over the past year Lamar has cut borrowing costs by almost 200 basis points by a series of refinancings. The table shows that […]
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. […]
Insider wrote a recent article on the federal governments warnings on Vaping products. The parent company of Standard Outdoor, Standard Diversified, also has a subsidiary, Turning Point Brands, who is a leading marketer in the Other Tobacco Products segment and includes several vaping related companies. Standard Diversified’s public traded stock […]
Every wonder what it’s like to be Geopath President Kym Frank? Read TierPM’s A Day in the Life of Kym Frank, President at Geopath. Newsday reports that Standard Diversified, the public company which owns Standard Outdoor, has fired chief executive Ian Estus. Gregory Baxter has been appointed interim CEO. […]
The vast majority of the 525 out of home companies in Insider’s database are independently owned and operated. When does it make sense for an out of home company to be part of another business? Here are Insider’s thoughts. A sign company owns billboards (excellent business case) Examples: Astro Signs, […]
The folks at Standard Diversified were out of the office, literally, this week. They travelled to the New York Stock Exchange to ring the closing bell. Standard Diversified, the parent company of Standard Outdoor was listed on the NYSE in April. Out of the Office is Billboard Insider’s Saturday column […]
