CCP acquires outdoor advertising company JPOM
Summary
DALLAS, June 26, 2018 /PRNewswire/ — Dallas based middle-market private equity firm, Caruth Capital Partners, LLC (“CCP”) said today it has acquired substantially all the assets of Jersey Premier Outdoor Media, LLC, (“JPOM”) through an affiliated company.The acquisition and rebranding to Premier Outdoor Media illustrates CCP’s focus on partnering with outstanding management teams to build market-leading businesses.As part of the transaction, CCP has partnered with two seasoned industry executives, Dominick Vastino and Sean Corbett.Dominick Vastino, CEO of Premier Outdoor Media, said, “JPOM’s portfolio gives us a great starting point as we execute on our growth strategy.CCP looks to acquire interests in lower-middle market businesses and partners with management to accelerate growth and meaningfully improve operations through disciplined value-creation methodologies.