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Two More Acquisitions to Lamar

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Stark Capital Announces Two More Acquisitions to Lamar

Stark Capital Solutions, Inc., an OOH focused investment-bank and capital provider, announces the following two acquisitions to Lamar Advertising.

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  1. Ralston Outdoor Advertising has completed a divestiture of digital and static billboard displays in Shreveport, LA.  Earlier this year, Stark Capital provided the funding for Ralston to acquire a portfolio of Texas and Louisiana based billboard assets.  Following the acquisition, Ralston elected to strategically spin off the Louisiana assets in order to focus on its primary Texas footprint. Stark Capital acted as the exclusive advisor to Ralston Outdoor Advertising.
  2. Millcorp, Inc., has completed a divestiture of digital and static billboard displays off I-55 in Jackson, Mississippi.  In addition to the high traffic-count billboard displays, Millcorp also sold the underlying real estate underneath all billboard locations. Stark Capital acted as the exclusive advisor to Lamar Advertising.

We believe the positive energy in the Industry, stemming from conversations around digital conversions and programmatic buying, will exceed any potential downturn in the economy as the Feds continue to combat inflation.

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Chris Stark commented, “The OOH M&A market has remained very active with sale multiples continuing to exceed historical averages.  We believe the positive energy in the Industry, stemming from conversations around digital conversions and programmatic buying, will exceed any potential downturn in the economy as the Feds continue to combat inflation.”

About Stark Capital

Stark Capital, an OOH focused investment bank, has provided capital and merger & acquisition advisory services to the Billboard Industry for over 20+ years.  

 

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