Lamar Advertising acquires AdSource Outdoor assets in UPREIT deal
LAMR•AdSource Outdoor assets acquired in UPREIT transaction
- Lamar Advertising acquired AdSource Outdoor Advertising assets in an UPREIT transaction that closed Aug. 12.
- The deal adds more than 230 billboard faces in Louisiana, including 30 digital displays.
- The assets were contributed to Lamar Advertising Limited Partnership in exchange for common units.
- The transaction expands Lamar’s footprint in southwest Louisiana.
