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Lamar Acquires Prominent Cincinnati Digital Location from Stewart Road Partners

For Immediate Release
October 4, 2022

Cincinnati, OH – Stewart Road Partners announced today the divestiture of a prominent digital location in Cincinnati, Ohio to Lamar (NASDAQ: LAMR).  The structure is widely considered to be within the top 5 best in the market and will enhance Lamar’s coverage of the DMA.

Drachman M&A Co. represented Stewart Road Partners in the transaction and the terms of the deal were not disclosed.

Stewart Road Partners is an entity comprised of high profile commercial real estate executives that focus on the region and the healthcare industry nationwide. Managing Member Howard Jackson mentioned his time in the space being very rewarding. “We were fortunate to secure this outstanding location several years ago and found the right operator to help us bring in great national advertisers. Lamar’s diligence and closing process were efficient and we are very happy to deliver them an excellent asset.”

Drachman M&A Co. CEO Max Drachman said that high profile digital assets are in demand, especially in strong markets like Cincinnati.

“Advertisers continue to covet the ability to quickly get their message in front of the masses in a large and respected format that is unmatched in media. Astute OOH operators recognize this surge and are focusing closely on securing the top digital locations in major metros.”

About Drachman M&A Co.

Drachman M&A Co. is a boutique firm focused on Mergers and Acquisitions of Outdoor Advertising and Tower assets. We provide guidance and strategic advice from a position of total transparency and complete alignment with the goals of our 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.

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