Deal radar ·
Lamar buys the billboard assets of family-owned Newman Outdoor Advertising
Outdoor advertising
Lamar Advertising has bought the billboard assets of Newman Outdoor Advertising, a North Dakota family business founded in 1956, adding more than 2,250 faces across four states.
News: A family business sells its remaining core assets to a strategic buyer after earlier divesting other units.
Why it matters: Lamar says the deal makes it the leading outdoor advertising player in North Dakota.
Radar: Watch for more regional family-owned billboard operators selling to national players. Deal value was not disclosed.
People involved
- Kari Newman Ness – Owner.
- Sean Reilly – Buyer.
A name here does not mean that person signed the purchase agreement.
Source: Lamar Advertising Company (GlobeNewswire), 11/11/2026.
Related notices
- Australia: DIYblinds buys founder-led window furnishings brand Shadey
- UK: Teqnion buys Hull memorials maker Odlings Group from family office
- Coalesce-backed Marshall & Stevens buys Tampa valuation firm Baumann Moreau
- Australia: The Natural Grocery Company buys founder-owned retailer Biome
- LLCP and management acquire Five Star Franchising from Princeton Equity
Your M&A market. Every morning.
Get a short briefing every morning with the M&A news in the sectors you follow, each linked to its source.
Choose your market