Lamar Advertising (LAMR) announced that it had acquired the assets of Cleveland Outdoor Advertising in exchange for cash. “The transaction adds 31 high-profile bulletin board faces and more than 40 junior bulletin board faces to Lamar’s portfolio in Cleveland. COA was founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson as a junior billboard facility and has grown to include numerous premium bulletin board locations in the greater Cleveland area,” the company stated. “Debbie has been a pioneer in the OOH industry and we are honored that she and Steve trust Lamar to build on the strong foundation they have established,” said Ross Reilly, president of Lamar’s outdoor division.
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