(Photo Courtesy of Adams Outdoor Advertising)
Adams Outdoor Advertising announced a strategic asset acquisition, adding significant new inventory to its real estate portfolio and strengthening its position as an out-of-home advertising provider in the Carolinas.
Adams has acquired 35 static billboard locations from The Sign Shoppe, expanding coverage east and along the coast — in Brunswick County, North Carolina.
Terms of the deal weren’t disclosed.
Officials said The Sign Shoppe will continue to operate its other business segments outside of the billboard assets included in this transaction.
“This acquisition is a powerful add-on opportunity that expands our reach across one of the most in-demand tourist markets in the Carolinas,” said Kevin Jones, CEO, Adams Outdoor Advertising. “Tying our Florence, SC market all the way to the coast is a great way to expand coverage and create greater opportunities for our advertisers.”
Adams Outdoor Advertising is the nation’s fourth-largest out-of-home advertising company and is privately held.
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