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oliver outdoor

CLIENT SPOTLIGHT: Oliver Outdoor

Oliver Outdoor is a growing outdoor advertising company with prime digital and static billboard displays headquartered just outside Pittsburgh, PA.

Founded by brothers, Jerry & Jaymie Oliver, Oliver utilized financing through one of Stark Capital’s bank affiliates to refinance all of Oliver’s existing business debt, strategically acquire over 300 billboard faces in Ohio from Kessler Outdoor, and obtain a development line of credit for additional expansion.

Oliver’s billboard footprint post-acquisition now includes over 500 billboard faces spanning across Ohio, West Virginia, and Pennsylvania.

PROJECT DETAILS:

  • Stark Capital’s bank affiliate provided 100% acquisition financing through a permanent Sr. Debt facility.
  • Stark Capital’s bank affiliate provided an additional development line of credit for Oliver to convert existing static locations to digital, as well as build new billboard locations.
  • From initial underwriting to closing, Stark Capital completed both loan transactions under 60 days.

“It was great working with Stark Capital and their bank partner. There were many moving parts in a short period of time to hit the goal of closing before the end of the year. The Stark Capital team worked day and night to make sure we got the deal successfully closed. They are a valued partner.”

“Jerry and Jaymie have built an impressive company. It was an honor to be trusted by them to assist in getting this meaningful acquisition closed under a tight timeframe. The Oliver team was great to work with. It is going to be exciting to see the management team work their magic in Ohio and continue their growth.”

Oliver’s Footprint:

Below is a map outlining Oliver’s billboard locations.  For an interactive map, go to Oliver’s website here:  https://oliveroutdoor.com/locations/

footprint