Mashburn Outdoor Divests Birmingham Assets to Lamar
Transaction Concludes Mashburn’s Four Years in Alabama
For Immediate Release
July 15, 2022
Birmingham, AL – Mashburn Outdoor, LLC (“Mashburn”) announced today the divestiture of static and digital Outdoor Advertising Assets in Birmingham to Lamar Advertising Company (NASDAQ: LAMR). Drachman M&A Co. represented Mashburn Outdoor in the transaction.
Mashburn entered Alabama in 2018 through its acquisition of Alabama Outdoor. Mashburn grew their position through additional acquisitions and became one of the leading independents in the Birmingham market, the nation’s 45th largest according to Nielsen.
Richard Mashburn said the transaction with Lamar went smoothly. “Transacting with Lamar is a good experience. Their legal team obviously has a lot of experience in M&A, and their diligence team took a very practical approach to getting our deal closed in a time-efficient manner. We know our landlords and clients will be in great hands with Lamar going forward.”
“It was gratifying to close another deal with Mashburn,” said Max Drachman, CEO, Drachman M&A Co. “Richard has a first-class team. They have experience on both sides of the table and are a pleasure to work with on a deal. We look forward to continuing the relationship.”
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.