Link Media Outdoor Announces the Acquisition of Elevation Outdoor in Knoxville, TN
November 21 2022 - 5:59PM
Business Wire
Link Media Outdoor (“Link”), is pleased to announce the purchase
of the outdoor advertising assets of Elevation Outdoor Advertising,
based in Knoxville, TN. Elevation Outdoor operates over 265
billboard faces including 8 digital displays in Knoxville and East
Tennessee. These assets add a geographic expansion into new
territory for Link. Scott LaFoy, President and CEO of Link said,
“Link is excited to enter the Tennessee market, as we expand our
service to advertisers and prospective customers in Knoxville and
the East Tennessee area. Elevation Outdoor is a well-built and
successful business founded in 2002 by Martin Daniel, a respected
Knoxville businessman, former state representative in the Tennessee
legislature, and co-founder of the Tennessee Outdoor Advertising
Cooperative trade association. Martin has done a wonderful job
building and leading the company and has been a pleasure to work
with on this transaction. Elevation Outdoor has done an excellent
job developing this impressive inventory.” Link plans for Martin
Daniel to remain involved in an advisory capacity, and Donna
Jarnigan to remain involved in a sales capacity. The transaction is
Link’s largest acquisition of 2022 and enhances the company’s
presence and distribution of outdoor advertising assets in the
southeast. Mad Dog Outdoor Consulting, LLC represented the
seller.
Link Media Outdoor is a wholly owned subsidiary of Boston Omaha
Corporation (NYSE: BOC) – www.bostonomaha.com. With the Elevation
Outdoor acquisition, Link now operates over 7,665 billboard
advertising faces in Georgia, Alabama, Florida, Wisconsin, West
Virginia, Virginia, Illinois, Iowa, Missouri, Nebraska, Kansas,
Nevada, Oklahoma, Arkansas and Tennessee.
For more information visit www.linkmediaoutdoor.com.
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words “believe,” “anticipate,” “intends,” “estimate,” “forecast,”
“project,” “plan,” “potential,” “may,” “should,” “expect,”
“pending” and similar expressions identify forward-looking
statements. The forward-looking statements in this press release
are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our
management's examination of historical operating trends, data
contained in our records and other data available from third
parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure
you that we will achieve or accomplish these expectations, beliefs
or projections.
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version on businesswire.com: https://www.businesswire.com/news/home/20221121005936/en/
Carlene Parsons Link Media Outdoor, LLC 844-404-LINK
cparsons@linkmediaoutdoor.com
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