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FINANCING SPOTLIGHT: Huntington Billboards

Huntington Billboards is one of the largest and fastest growing billboard companies in the United States. Currently operating over 3,700 billboards in 14 different states, Huntington is the country’s 10th largest billboard company measured by number of advertising displays.

Founded by Justin Powell, Huntington utilized financing through one of Stark Capital’s bank affiliates to strategically acquire over 175 billboard faces in Alabama, Mississippi, and Arkansas from Moreland Outdoor Advertising.

Huntington came to Stark Capital looking for a dependable financing partner who could deliver the funds in a highly efficient manner. With a firm closing date – the loan was underwritten, approved, and funded in less than two-months.

Huntington’s billboard footprint post-acquisition is approaching 4,000 advertising displays spanning across much of the Midwest and Southeast regions.

PROJECT DETAILS:

  • Stark Capital’s bank affiliate provided 100% acquisition financing through a permanent Sr. Debt facility, which included a total collateral package of 207 advertising displays.
  • From initial underwriting to closing, Stark Capital completed the loan transaction under 50 days.

“Stark Capital brought unparalleled expertise to our Moreland acquisition. Their ability to align the lender, attorneys, buyer, and seller made the entire process seamless and efficient. Stark Capital’s deep Industry experience was key to our successful transaction.”

“The ability to close a meaningful transaction of over 175 billboard faces in under 50-days speaks to the determination and efficiency of the entire Huntington team. It was an honor to be trusted by Huntington, and to assist in a significant milestone in the company’s next phase of growth.”

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

huntington’s billboard locations