Gran Media has announced the divestiture of a significant out-of-home advertising asset in Montgomery, Alabama to Trailhead Media.
The purchase adds to Trailhead Media’s growing list of holdings, which includes more than 3,000 faces across the Southeast. Drachman M&A Co. represented seller, Gran Media, in the transaction. Terms of the deal were not disclosed.
Trailhead Media CEO, Robert MacMillan, said “We are in a constant process of upgrading and expanding our assets, and this acquisition is a crucial purchase in a key Southeastern market. We want to help our clients solve problems and become better marketers, and this kind of quality addition to our portfolio is something we pursue with alacrity.”
Gran Media CEO, Bobby Bell, said divesting the Alabama asset was a matter of good timing for his company, we quote “For our overall business strategy, it made sense to complete this transaction with Trailhead Media. They know the Southeast, and our customers will be taken care of in the long run with Trailhead Media”.
Drachman M&A Co. CEO & Founder, Max Drachman, said “Smart companies understand that making the decision to sell at the right time is good business, for both them and their clients. We appreciate both parties having confidence in our firm to get the job done”.
Drachman M&A Co. is a boutique firm focused on Mergers and Acquisitions of Outdoor Advertising and Tower assets. They provide guidance and strategic advice from a position of total transparency and complete alignment with the goals of clients. Drachman M&A Co. is built on a foundation of trust, confidentiality, and integrity coupled with a reputation for persistence and delivering results for clients.
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