McWhorter Media Group Acquires Mashburn Outdoor in Spartanburg, SC
Spartanburg, SC – Mashburn Outdoor announced today the divestiture of digital and analog structures throughout Spartanburg, SC to McWhorter Media Group. Drachman M&A Co. represented seller Mashburn Outdoor in the transaction. Terms of the deal were not disclosed.
“The Spartanburg market is on fire. Companies across the country are relocating to the area, bringing great jobs and a dynamic consumer base. We have operated in 20+ southeastern markets now, and rank Spartanburg near the very top. We are excited to hand these over to the McWhorter team and watch them continue the momentum we have built,” said Mashburn Outdoor President, Richard Mashburn.
Josh McWhorter, CEO of McWhorter Media Group, stated the acquisition fit perfectly with their strategy.
“We are looking for growth markets with strong assets. The Mashburn Spartanburg division represents a strong position in a market with an impressive consumer base. The Mashburn team did a great job converting several key locations to digital, and we look forward to maximizing opportunities for Spartanburg’s burgeoning business community to tell their story.”
Drachman M&A Co. CEO, Max Drachman, mentioned the deal being a positive for both parties.
“Working with repeat clients like Richard and Josh is a privilege. These assets provide a significant contribution to the platform McWhorter is assembling, and it was great to see the Mashburn team apply their model to another portfolio and achieve material growth. Both sides are also highly transactional, which made for an efficient closing.”
About Drachman M&A Co.
Drachman M&A Co. is the leading Outdoor Advertising Mergers and Acquisitions firm in the United States. 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. We provide guidance and strategic advice from a position of total transparency and complete alignment with our clients’ goals.