INDIANAPOLIS (August 4, 2022) – As a trusted advisor to outdoor advertising and communication tower companies across the United States, Indianapolis-based Stark Capital Solutions was called upon to serve as the exclusive advisor for Lamar Advertising Company’s acquisition of Burkhart Advertising in South Bend, Ind. Terms of the deal were not disclosed.
As the eighth largest out-of-home company in the United States, Burkhart Advertising owned 1,540 structures with 3,262 advertising faces at the time of the divestiture. Their primary coverage included Indiana’s markets of: South Bend, Fort Wayne, Lafayette, Muncie and Anderson.
“Burkhart is one of the most respected multi-generational family operations in the industry, and Stark Capital has enjoyed nearly twenty years of working with Burkhart on various transactions,” Chris Stark, President of Stark Capital Solutions, said. “Lamar’s REIT (Real Estate Investment Trust) status and large interest in strengthening its northern Indiana presence provided an appealing transaction structure. It was an honor to assist in the acquisition of this venerable company.”
Stark Capital Solutions has over two decades of experience successfully closing transactions in the niche billboard industry, one of the longest-lasting private lending portfolios throughout the entire industry and over a 90% closing success rate. With deep relationships and knowledge of both the buy and sell-side of acquisitions, Lamar relied heavily on Stark Capital Solutions to align the interests of both businesses.
Stark Capital Solutions’ relationship with both companies allowed for a unique positioning that created a deep level of trust on both sides, and a smooth acquisition process from start to finish.
“Our family has always admired Lamar’s way of doing business and their industry-leading excellence,” Charlie Miller, CEO of Burkhart Advertising, said. “We have tried to emulate the way they do business, so we are excited to watch with pride and see what Lamar will do to take our business to the next level. We are also grateful for the new opportunities our valued employees will have now that we’ve joined Lamar.”
For more information about Stark Capital Solutions and their advising services, visit www.starkcapitalsolutions.com. For questions or to schedule an interview, please contact Kylee Kendall by emailing email@example.com or call 317-436.8499.
About Stark Capital Solutions
Stark Capital Solutions, an OOH focused investment firm, has provided capital and merger and acquisition advisory services to the billboard industry for over 20 years. It is their mission to find the best solution for each client by utilizing its full database of qualified buyers to best match assets to the right buyers. By assisting operators through a variety of investment banking engagements, Stark Capital Solutions has successfully closed over 400 industry-specific transactions and created a total transactional volume that exceeds one half billion dollars in value.