Lamar Advertising Company Announces Acquisition of Colossal Media
Colossal currently operates 81 large-format, hand-painted wall displays in
"Colossal has set the standard for colorful, creative artwork that brightens city landscapes, creates buzz and produces results for the world’s best-known brands," Lamar chief executive officer Sean Reilly said. "Kelly and her outstanding team are well-positioned for further growth, and we at Lamar look forward to partnering with them to lift Colossal to new heights of success."
Lamar purchased Colossal from co-founders
“As the preeminent leader in the out of home industry, with roots dating back to the original days of hand-painted advertising, Lamar is the perfect partner for Colossal. With Lamar’s resources and expertise, Colossal is strategically positioned to pursue our next phase of growth while maintaining our core values and commitment to craftmanship,” Peppers said. “We are more excited than ever about our mission of creating art out of advertising, and to be doing it alongside Lamar.”
Kean Miller LLP acted as legal advisor to Lamar on the transaction, while
About Lamar Advertising Company (LAMR)
Founded in 1902, Lamar Advertising Company (LAMR) is one of the largest outdoor advertising companies in
Company Contact:
Lamar Advertising Company (LAMR)
926-1000
bkantrow@lamar.com
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Source: Lamar Advertising Company (LAMR)