OUTFRONT Acquires Premier Digital Displays in Houston, Texas
OUTFRONT Acquires Premier
Digital Displays in Houston, Texas
Houston Transaction Involves Rare Digital Location
HOUSTON, TX. – Burkett Media announced today the divestiture of a premier digital out-of-home advertising asset in Houston to OUTFRONT Media, Inc. (NYSE: OUT). Drachman M&A Co. represented seller Burkett Media in the transaction. Terms of the deal were not disclosed.
Beau Burkett, Founder of Burkett Media, said the divestiture to OUTFRONT marked a successful conclusion to an exciting project. “It was great working with OUTFRONT again. This structure is one of the best I have built and will be an excellent addition to OUTFRONT’s holdings in Houston.”
Drachman M&A Co. CEO & Founder, Max Drachman, said deal flow in Texas remains strong. “Assets in Texas are highly sought after. The state has a business-friendly environment, with outstanding growth, and a bright future ahead. Further, Houston has very few digital locations compared to its peers, so this location represented a unique and valuable opportunity to secure digital displays in a top market.” When questioned about Burkett’s development prowess in major metros, Max added, “Beau Knows.”
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.