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Expert M&A Advisory for Out of Home Advertising Companies
Strategic guidance for buying, selling, and merging billboard, transit, and digital OOH businesses.

Professional Out of Home Advertising M&A Guidance in the U.S.

Drachman M&A Co. is proud to be recognized as one of the nation’s leading advisors in Out of Home advertising mergers and acquisitions. With decades of experience and a track record that spans tens of thousands of outdoor assets, our firm has set the standard for OOH transactions.

We understand the unique dynamics of this sector, from the scarcity of prime billboard locations to the impact of digital conversion and data-driven ad targeting. Our team helps business owners, operators, and investors navigate the complexities of OOH transactions with precision. By combining deep market knowledge, strong buyer relationships, and a reputation for results, we provide clients with clarity and confidence throughout the M&A process.

Maximizing Value in Billboard, Transit, and Digital OOH

Out of Home assets hold exceptional value, but unlocking that value requires expertise and strategy. We guide clients through every stage of the process, whether they’re divesting a regional billboard company, acquiring a transit advertising portfolio, or evaluating digital billboard conversions. Our approach is designed to maintain confidentiality while driving competitive tension among buyers to achieve premium valuations.

We’ve represented clients across the full spectrum of OOH assets—traditional billboards, digital signage, street furniture, and transit advertising systems. Our understanding of long-term lease structures, permitting challenges, and revenue forecasting allows us to structure deals that reflect the true worth of each asset.

The Strategic Advantage of Drachman M&A Co.

Led by industry-recognized executives, our team offers clients a distinct edge in the Out of Home sector. Our firm’s experience in building and scaling capital-intensive businesses translates directly to the operational and strategic considerations that define OOH transactions.

  • Deep transaction experience across thousands of OOH assets nationwide
  • Strong buyer and investor relationships in both traditional and digital OOH markets
  • Expertise in structuring deals around lease rights, permits, and digital conversions
  • Entrepreneurial perspective from founding and scaling distribution and logistics companies

OOH Billboard Transaction Deals

Over the last fifteen years, Max Drachman has participated in the sale of tens of thousands of Outdoor and Tower assets across every region of the United States. In addition to many others, Mr. Drachman led the acquisition and divestiture of high profile assets such as:

  • Fairway Outdoor – 3,500 faces across Georgia, Kentucky, Alabama, Florida, West Virginia, South Carolina & Ohio
  • Bill Salter Advertising – 1,750 faces along the Emerald Coast of Florida and Alabama
  • Waitt Outdoor – 2,515 faces across Nebraska, Missouri, Kansas, Iowa, and Illinois
  • Impact Outdoor – The largest independent in Dallas, Texas
  • Mid America – 1,032 faces in Illinois, Missouri, Iowa, and Kentucky
  • Trilogy Outdoor – Several of the most prominent locations in Atlanta
  • Prince Media – One of the largest independents in New York City
  • Key Outdoor – 1,793 faces in Illinois, Missouri, and Iowa
  • RSA Media – The largest independent in Boston, Massachusetts
  • Fairway Outdoor’s SW Division – Represented Lindmark Outdoor Media in their acquisition of 3,000+ faces from GTCR
  • Lang Media – The largest independent in Albany, New York
  • Newman Signs – The largest independent in New Mexico
  • Boardworks – One of the largest independents in Atlanta
  • Horton Outdoor – Large PE-backed southeastern platform

Looking to sell, acquire, or grow in the Out of Home advertising industry? Let’s build your strategy together.

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