Skies Above Media Acquires Digital Displays in Los Angeles
For Immediate Release
October 25, 2023
Los Angeles, CA – Skies Above Media announced today the acquisition of digital out of home (OOH) assets from Axis Digital Media. Drachman M&A Co. represented Axis Digital Media in the transaction. The capital required for this strategic acquisition was provided by Verde Outdoor Capital. Terms of the deal were not disclosed.
Skies Above Media is a privately owned independent OOH media owner, operator, and representative based in Los Angeles with over 200 assets across Los Angeles, New York, Chicago, San Francisco, Boston, Detroit, Phoenix, Atlanta, Palm Springs, Bakersfield, and Fresno.
“It was great working with Axis on this transaction. Through our prior successful representation of
these assets, we knew how important they are for advertisers connecting with consumers across San Gabriel Valley and the Greater Los Angeles area, representing the second-largest metropolitan area in the United States. We could not be more excited about bolstering our portfolio with these digitals and we are always looking up and seeking the best ways to continue to grow our business ahead,” mentioned Skies Above Media CEO and Owner, Glyn Williams.
Axis Digital Media, President and Owner, Pierre DeLorenzo, said the terms and timing made sense for them to transact:
“OOH advertising is an excellent business. The results we have been fortunate to provide our clients have been substantial and highly gratifying. I’ve known Glyn for years, and I have no doubt they will do very well here going forward. They were a pleasure to work with and I look forward to continuing the relationship.”
Rickard Strom, President of Verde Outdoor Capital, expressed his satisfaction with the company’s role in the acquisition. “Verde Outdoor Capital is proud to have played a pivotal part as the capital lender in this transaction. We believe in the potential and vision of Skies Above Media and their commitment to the OOH advertising industry. This partnership exemplifies the growth and innovation that can be achieved when visionary companies collaborate.”
Drachman M&A Co. CEO, Max Drachman, highlighted the momentum this deal carried from start to finish. “It was apparent on our first call to Skies Above that they wanted to put a deal together. They knew the opportunity well and moved quickly to close. Congratulations to Pierre at Axis for a successful investment in OOH, and look forward to seeing many more acquisitions by Skies Above.”
About Skies Above Media
Skies Above Media (SAM) is a privately owned independent outdoor advertising (OOH) media owner, operator, and representative based in Los Angeles. Previously named Mahlmann Media, it was established in 1989 by Richard and Susan Mahlmann with just one billboard in Fresno, CA. Since its inception, the company has scaled up in breadth and depth of media formats and coverage markets and now sells over 200 OOH assets across Los Angeles, New York, San Francisco, Atlanta, Boston, Detroit, and Phoenix. OOH industry veteran Glyn Williams acquired Mahlmann Media in April 2021 and launched the rebrand in October 2021.
Mission Statement
Skies Above Media is driven by the pursuit of Better. A Better media partner to our agencies and clients, a Better place for our team members to thrive, and a Better collaborator with our business partners. Because our clients, team members, partners, and the advertising industry should expect intuitive client solutions, exceptional delivery, with strong character, and a deep sense of purpose.
About Verde Outdoor Capital
Verde Outdoor Capital is a leading provider of capital solutions for businesses in the outdoor advertising and media industry. With a strong commitment to driving growth and innovation, Verde Outdoor Capital partners with out-of-home companies to facilitate strategic acquisitions, expansion, and the development of cutting-edge advertising opportunities. Our mission is to empower businesses to thrive in the dynamic world of outdoor advertising, ensuring a brighter and more impactful future for the industry.
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.