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Lamar Advertising Acquires Stott Outdoor

Billboard Insider confirmed this past weekend [1] that Lamar Advertising has purchased all the assets of Stott Outdoor based in Chico California.

We quote from the editor(s) “This was absolutely a great acquisition for Lamar. It now gives Lamar a true Northern California presence, including inventory and an office location, which they’ve desired for some time”.

Johnsen, Fretty & Co. were the exclusive advisors to Stott Outdoor in the transaction which we understand to have closed on Wednesday of last week.