It has been a while since Insider has checked in with Kalil, how is business? Good to hear from you Dave.  Business has been strong.  We have had two closings so far in July, and have a few more upcoming shortly. Can you tell us about the deals? Certainly.  A […]

Public outdoor company valuations shrank slightly during the third quarter of 2016 as this chart demonstrates: Public Company Outdoor Values September 2016 The average revenue multiple for the four public outdoor companies shrank from 3.74 times to 3.60 times.  JCDecaux, Clear Channel Outdoor and Outfront trade at a lower revenue […]

I talked with Gabe Oliverio of outdoor investment banking firm Johnsen Fretty about outdoor values. Sounds to Insider like now is a good time to sell your company. Seems like values are 5-6 times run rate revenue and 8-12 times run rate cashflow in the outdoor advertising market. What’s your view? […]

Our sister website www.billboardinsider.com has published a terrific interview with outdoor advertising broker Max Drachman.  We’ve reproduced the interview here. Investment banker Max Drachman of Kalil & Co has been busy doing outdoor transactions. Insider asked Max to talk about the outdoor M&A market. You can reach Max at [email protected], […]

Max Drachman is an outdoor advertising investment banker with Kalil and Co. Drachman talked with us earlier this month about outdoor values and trends in the transaction market. What trends did you see in the transactions market in late 2015. From our perspective, the end of 2015 was consistent with […]

Public outdoor values remained stable during the fourth quarter of 2015. The three public outdoor companies have an enterprise value of 3.9 times revenue and 12.3 times cashflow (EBIDTA) at December 2015. Lamar’s multiple increased slightly during the quarter, Outfront’s multiple was stable and Clear Channel’s multiple decreased. Lamar had […]

Media businesses go in cycles. After a string of good years the acquisition market becomes frothy. Prices push high. And lenders and buyers do foolish transactions. Insider thinks the out of home market is becoming overheated and this is a bad thing. Here’s why. New Entrants. Insider is receiving a […]

Max Drachman is an outdoor industry investment banker with Kalil and Co. I talked with Max this week about the outdoor advertising acquisitions market. 1. Paul Wright of Signvalue told me recently that outdoor values are hovering around 5.25 times net revenue and 10.5 times cashflow this year. Is this […]

Public outdoor valuations declined during the third quarter of 2015, in line with a general drop in the stop market. The three public outdoor companies have an enterprise value of 3.9 times revenue and 12.1 times cashflow (EBIDTA) at September 2015. Clear Channel sells at the lowest multiple due to […]