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Fluhman Outdoor Divests 458 Displays in Texas to Billboard Joe, LLC

For Immediate Release

January 18, 2024

Fort Worth, Texas – Fluhman Outdoor announced today the divestiture of 458 Out-of-Home (OOH) displays to Billboard Joe, LLC. Drachman M&A Co. represented Fluhman Outdoor in the transaction. Terms of the deal were not disclosed.

Fluhman Outdoor focused on communities across west Texas, finding the top locations in the markets they served, and built an excellent business. The plant features steel structures, two digital displays, and coverage across 50+ communities in west Texas and the Permian Basin. A spokesperson from Fluhman mentioned, “We know Joe will do excellent with these assets. He is a good operator, and our inventory is set up nicely for long term profitability.”

Billboard Joe, LLC is a new entity formed with the concurrent consolidation of Ogden Resources and Impala Outdoor of Texas and Oklahoma, creating a new footprint stretching from southwest Texas to northeast Oklahoma. The founder, industry veteran Joe Ogden, stated, “The Fluhman team was great to work with, and we look forward to continuing the relationship into the future.” Financing for Billboard Joe, LLC was provided by Alerus.

Drachman M&A Co.’s CEO, Max Drachman, said “It was great to work with both sides on this transaction. Joe has quietly been in OOH for many years, and with this acquisition and consolidation of other assets, becomes a major player overnight. We look forward to helping him continue to grow his holdings.”

About Drachman M&A Co.

Drachman M&A Co. is the leading Outdoor Advertising Mergers and Acquisitions firm in the United States. 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. We provide guidance and strategic advice from a position of total transparency and complete alignment with our clients’ goals.

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