M&A Deal Summary

Lamar Acquires Ashby Street Outdoor Holdings

On July 15, 2019, Lamar acquired marketing company Ashby Street Outdoor Holdings from Tinicum Capital Partners

Acquisition Highlights
  • This is Lamar’s 12th transaction in the Marketing sector.
  • This is Lamar’s 13th transaction in the United States.
  • This is Lamar’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2019-07-15
Target Ashby Street Outdoor Holdings
Sector Marketing
Buyer(s) Lamar
Sellers(s) Tinicum Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)

Target

Ashby Street Outdoor Holdings

Fayetteville, Arizona, United States
Ashby Street Outdoor Holdings LLC is an outdoor advertising company. Ashby Street operates 91 LED displays with fully automated content management and scheduling. Ashby Street Outdoor Holdings LLC was founded in 2011 and is based in Fayetteville, Arizona.

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Buyer(S) 1

Buyer

Lamar

Baton Rouge, Louisiana, United States

Category Company
Founded 1902
Sector Marketing
Employees3,500
Revenue 2.2B USD (2024)
DESCRIPTION
Lamar Advertising's corporate headquarters in Baton Rouge, Louisiana.
Lamar Advertising's corporate headquarters in Baton Rouge, Louisiana.

Lamar is an outdoor marketing company that looks to sell advertising on billboards, buses, shelters, benches, and logo plates. Lamar operates thousands of placards across the US and serves a variety of local and national advertisers. Lamar was founded in 1902 and is headquartered in Baton Rouge, Louisiana.


DEAL STATS #
Overall 13 of 18
Sector: Marketing M&A 12 of 17
Type: Add-on Acquisition M&A Deals 10 of 14
State: Arizona M&A 2 of 3
Country: United States M&A 13 of 18
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Fairway Outdoor Advertising - Five US Markets

Greenville, South Carolina, United States

Fairway Outdoor Advertising LLC's business in five US markets includes more than 8,500 billboard faces, and more than 135 digital displays, in North Carolina, South Carolina, Georgia and Wisconsin.

Buy $419M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Vistar Media

New York, New York, United States

Vistar Media is a provider of advertising technology services to the digital out-of-home industry. Vistar Media was founded in 2011 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 19 of 28
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 13
State: Arizona M&A 1 of 1
Country: United States M&A 17 of 25
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Engineered Medical Systems

Bartlett, Tennessee, United States

Engineered Medical Systems is a contract manufacturer focused on complex, machined metal instruments and implants, used primarily in spinal and other orthopedic surgery. Engineered Medical Systems was founded in 2003 and is based in Bartlett, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 STS Metals

Irwindale, California, United States

STS Metals manufactures and supplies forged and rolled titanium, stainless steel products, and other specialty alloys for the commercial aerospace, defense, medical, energy and industrial sectors. STS Metals specializes in flat and round bar and plate products, as well as hot rolling, forging, conditioning, heat-treating, and machining. STS Metals was founded in 2011 and is based in Irwindale, California.

Buy -