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GlobeNewswire·

Lamar Advertising Acquires Assets of Newman Outdoor Advertising

  • Lamar Advertising Company acquired Newman Outdoor Advertising assets to strengthen its Midwest presence.
  • The deal, which closed on Nov. 11, 2026, adds over 2,250 billboard faces including 73 digital displays.
  • New assets are located in North Dakota, Minnesota, Montana, & South Dakota.
  • Newman was founded in North Dakota in 1956 by Harold Newman, who previously divested its non-billboard businesses & Southwest billboards.
  • CEO Sean Reilly stated the acquisition establishes Lamar as the leading outdoor advertising player in North Dakota.
  • Kari Newman Ness, Chairperson of the Board, expressed confidence in the transaction's benefit for both families.
  • The purchase price paid in cash was not disclosed.
  • Delancey Street Partners served as financial advisor to Newman, while DeWitt LLP acted as legal advisor for Newman & Kean Miller LLP for Lamar.
Company
Lamar Advertising Company
Keywords
Nasdaq:LAMR, Lamar Advertising Company