Juggernaut Billboards has announced the divestiture of 11 out-of-home advertising assets in Northern Arizona to American Outdoor Advertising.
The purchase adds to American Outdoor Advertising’s holdings, which include major markets in California, Arizona, and Nevada. Drachman M&A Co. represented seller Juggernaut Billboards in the transaction. Terms of the deal were not disclosed.
American Outdoor Advertising Partner, Tom LeClair said “We believe in our markets, and we know advertisers want access to high-traffic routes in the Southwest. These locations in Northern Arizona add to our holdings in markets like San Diego, Oakland, and Las Vegas, and they will allow us to provide clients with more opportunities in the region”.
Juggernaut Outdoor Partner, Chip Tolleson, said the sale was a strategic move for the company, noting the firm also engages in consulting and management services.
Drachman M&A Co. CEO & Founder, Max Drachman, said the transaction is an example of the strength of the industry and a reflection of the many years of experience on both sides of the deal “These are two very astute out-of-home companies with decades of experience in the industry. This transaction served the strategic interests of both parties, and we appreciate the trust placed in our firm by Juggernaut to execute the divestiture”.
Drachman M&A Co. is a boutique firm focused on Mergers and Acquisitions of Outdoor Advertising and Tower assets. They provide guidance and strategic advice from a position of total transparency and complete alignment with the goals of their 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.