USA. Out-of-home media company Lamar Advertising has announced that it has closed on its recent acquisition of eight airport advertising contracts from Corey Airport Services.
The acquisition covers a variety of traditional static displays, dynamic digital displays, wraps and clings, interactive exhibits and custom advertising displays.
The airports are: Dallas Love Field, Louisville International, Palm Springs International, Northwest Arkansas Regional, Myrtle Beach International, Punta Gorda, Monterey Regional and Rick Husband Amarillo International.
Lamar also has an agreement to acquire the airport advertising contract for Birmingham-Shuttlesworth International Airport. Following that transaction, Lamar will operate advertising concessions at 20 airports that serve more than 150 million passengers annually.
“We are thrilled to continue expanding our airport advertising business and to bring the Corey Airport Services team on board,” said Lamar Chief Executive Sean Reilly.
“Corey has established successful airport advertising programmes in some of the nation’s fastest-growing airports. We look forward to extending their proven operating model and to offering our advertisers the most innovative creative concepts in Lamar Airports.”
Financial terms of the transaction, which closed 1 July, were not disclosed.