Northern Arizona deal involves experienced owner operators
TUCSON Ariz. – Juggernaut Billboards announces the divestiture of 11 out-of-home advertising assets in Northern Arizona to American Outdoor Advertising.
The purchase adds to American Outdoor Advertising’s holdings, which include major markets in California, Arizona, and Nevada. Drachman M&A Co. represented seller Juggernaut Billboards in the transaction. Terms of the deal were not disclosed.
American Outdoor Advertising Partner, Tom LeClair, said the transaction will allow the company to better serve its growing client base in southwestern markets.
“We believe in our markets, and we know advertisers want access to high-traffic routes in the Southwest. These locations in Northern Arizona add to our holdings in markets like San Diego, Oakland, and Las Vegas, and they will allow us to provide clients with more opportunities in the region,” Tom LeClair said.
Juggernaut Outdoor Partner, Chip Tolleson, said the sale was a strategic move for the company, noting the firm also engages in consulting and management services.
“It was the right time for us to enter into this transaction with American Outdoor Advertising. We know our clients will be in good hands with their team. We continue to show growth in our other assets and look forward to working with American Outdoor Advertising now and in the future.”
Drachman M&A Co. CEO & Founder, Max Drachman, said the transaction is an example of the strength of the industry and a reflection of the many years of experience on both sides of the deal.
“These are two very astute out-of-home companies with decades of experience in the industry. This transaction served the strategic interests of both parties, and we appreciate the trust placed in our firm by Juggernaut to execute the divestiture,” Drachman said.
About Drachman M&A Co.
Drachman M&A Co. is a boutique firm focused on Mergers and Acquisitions of Outdoor Advertising and Tower assets. We provide guidance and strategic advice from a position of total transparency and complete alignment with the goals of our clients. Drachman M&A Co. is built on a foundation of trust, confidentiality, and integrity coupled with a reputation for persistence and delivering results for clients
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