Max Drachman is an outdoor industry investment banker with Kalil and Co. We talked recently with Drachman about the M&A market last week. What transactions have you closed recently Max? So far this year we have closed seven Outdoor deals. Our most recent closing was the Lindmark/Newman deal in New […]
Tag: billboard values
Public outdoor values have been increasing. The three US outdoor companies are valued at 4.4 times revenues and 14.2 times cashflow as the following table demonstrates. Enterprise Value/Revenue March 2015 Clear Channel Revenue Multiple 2.83 Lamar Revenue Multiple 5.84 Outfront Revenue Multiple 4.65 Average Revenue Multiple 4.44 […]
Liana Baker of Reuters has writes here that the big four outdoor companies are flush with money and looking to roll up small operators. Billboard values are rising. Outfront Media paid 10.8 times cashflow (EBIDTA) for Van Wagner versus an 8-10 times cashflow norm for the industry.