Lamar Acquires Burkett Media Assets in Dallas
For Immediate Release
December 15, 2022
Dallas, TX. – Burkett Media announced today the divestiture of premier digital out-of-home advertising assets in Dallas, Texas to Lamar Advertising Company (NASDAQ: LAMR). Burkett is well known throughout the industry for developing high-end digital locations in major markets. These locations feature the only digital faces that read to the new express lanes on the Toll 183 at the I-820 interchange with clear reads in both directions, along with a back-to-back digital location on I-820 with high traffic counts and economically attractive demographics. Drachman M&A Co. represented seller Burkett Media in the transaction. Terms of the deal were not disclosed.
Burkett Media Founder, Beau Burkett, mentioned the closing being a successful end to a long-term project. “Outstanding OOH locations require a lot of time, research, and expertise to procure. We were very proud to put these locations in the air and have been thrilled with the market’s response. Lamar will add these to their strong position in Dallas, and we have no doubt these locations will be among their top performers.”
Drachman M&A Co. CEO & Founder, Max Drachman, added “Beau Burkett is one of the top developers of high-end OOH assets in the United States. His ability to visualize and execute is remarkable. Lamar recognized the quality of these locations and promised a smooth and efficient closing, and Lamar delivered.”
About Drachman M&A Co.
Drachman M&A Co. is a boutique firm focused on Mergers and Acquisitions of Outdoor Advertising and Tower assets. 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 client’s goals.