{"id":783426,"date":"2022-05-02T20:02:11","date_gmt":"2022-05-02T18:02:11","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/seaport-capital-invests-in-pearl-media\/"},"modified":"2023-07-10T20:47:59","modified_gmt":"2023-07-10T18:47:59","slug":"seaport-capital-invests-in-pearl-media","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/seaport-capital-invests-in-pearl-media\/","title":{"rendered":"Seaport Capital Invests in Pearl Media"},"content":{"rendered":"<p class=\"bwalignc\">\nPearl Media acquires LURE Outdoor, becoming one of the largest Street-Level OOH Media companies in the US\n<\/p>\n<p>MONTCLAIR, N.J.&#8211;(BUSINESS WIRE)&#8211;<a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fpearlmedia.com%2F&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=Pearl+Media&amp;index=1&amp;md5=788ba48e693f8a45cd477155e17450b6\" rel=\"noopener\">Pearl Media<\/a>, in partnership with <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.seaportcapital.com%2F&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=Seaport+Capital&amp;index=2&amp;md5=abd7f9e95938d4b9453a66c052e867ee\" rel=\"noopener\">Seaport Capital<\/a>, has acquired <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lureoutdoor.com%2F&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=LURE+Outdoor&amp;index=3&amp;md5=633f3024e2621188cc367cff2dec0e79\" rel=\"noopener\">LURE Outdoor<\/a>, making it one of the premier street level Out of Home (\u201cOOH\u201d) Media companies in the United States. Based in New York City, LURE Outdoor\u2019s OOH mix encompasses over 120 high profile street level billboards, barricades and storefronts throughout New York City, Brooklyn, Chicago, and Los Angeles.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20220429005045\/en\/1435481\/5\/Seaport_Capital_Logo.jpg\"><\/a><\/p>\n<p>\nIn addition, Pearl continues to focus on delivering brands more specific media buys through partnerships with some of the most sought-after mixed-use developments and large format OOH assets in urban core downtown markets around the country. The acquisition enables the company to provide significant, expanded reach to high impact media within trendsetting hubs of major cities.\n<\/p>\n<p>\n\u201cPearl Media was born in OOH on the street level, pioneering the acceptance of storefronts into the OOH media mix over a decade ago. Today the business has grown in several directions; however we have never lost our love for the medium and we recognized LURE has done an amazing job building out this high-profile permitted inventory in some of the top neighborhoods and cities in the country. We could not be more thrilled about the opportunity in front of us to continue to build out this portfolio with the expanded team,\u201d said Joshua Cohen, CEO of Pearl Media.\n<\/p>\n<p>\n\u201cJosh and his team have done an extraordinary job building Pearl into a leader in the OOH space and giving it the competitive edge that it has today. Seaport has invested in OOH companies over the last 25 years, and we believe that the collection of Pearl and LURE assets is extremely unique and attractive in the markets in which they operate,\u201d said Bob Tamashunas, Partner at Seaport Capital. \u201cWe are excited to further develop the business they have created and partner with the team to help grow Pearl both organically and inorganically.\u201d\n<\/p>\n<p>\nFor the last 8 years, LURE Outdoor has led the way in curating and developing niche &#8220;can&#8217;t miss&#8221; eye-level billboards and in-window displays, capturing consumers&#8217; attention with bold and innovative campaigns. LURE&#8217;s assets have allowed brands to break through the busiest, most desirable streets and neighborhoods to connect with consumers. \u201cWith shared values and a shared love for street-level OOH media, joining Pearl is the ideal next step for LURE to grow. We are excited to see Pearl\u2019s vision for the combined entity come to fruition,\u201d said Jonny Kaloudis, CEO of LURE.\n<\/p>\n<p>\nAbout Pearl Media\n<\/p>\n<p>\nPearl Media develops, manages and sells unique marketing, digital and static media opportunities. Working with best-in-class real estate assets, Pearl develops urban core, mixed-use commercial space, transit centers and transit adjacent properties in top markets with premium place-based static and digital signage. We target and transform premium large format static properties and vacant storefronts into best-in-market out-of-home advertising opportunities. For more information, please visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pearlmedia.com&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.pearlmedia.com&amp;index=4&amp;md5=f1ce1bbe697b0dcf9df9e82ea5a740cc\" rel=\"noopener\">https:\/\/www.pearlmedia.com<\/a>.\n<\/p>\n<p>\nAbout Seaport Capital\n<\/p>\n<p>\nFounded in 1997, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.seaportcapital.com%2F&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=Seaport+Capital&amp;index=5&amp;md5=f289cdc1e05a423d1fbee8398664fbe4\" rel=\"noopener\">Seaport Capital<\/a> is a lower middle-market buyout firm that invests in communication infrastructure and services, business and information services, and media companies (the \u201cFocus Sectors\u201d). Seaport typically invests $10 to $40 million of equity capital in companies generating EBITDA between $3 and $15 million. Seaport is currently investing through Seaport Capital Partners VI, a 2020 vintage fund. Seaport\u2019s substantial industry expertise and investing experience enable it to develop successful strategies in partnership with management teams; its relationships and professionals help achieve them. Nearly all of Seaport\u2019s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute on a successful strategic plan. For additional information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.seaportcapital.com%2F&amp;esheet=52701043&amp;newsitemid=20220429005045&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.seaportcapital.com&amp;index=6&amp;md5=5024668e18d7ce2a4950f818a8237b8e\" rel=\"noopener\">https:\/\/www.seaportcapital.com<\/a>.\n<\/p>\n<p>Contacts <\/p>\n<p>\nMedia:<br \/>Kathleen Holohan<br \/>\n<br \/>Investor Relations Vice President<br \/>\n<br \/>Seaport Capital<br \/>\n<br \/>212-847-8915<br \/>\n<br \/><a target=\"_blank\" href=\"&#109;&#x61;&#x69;l&#116;&#x6f;:&#75;&#x68;&#x6f;l&#111;&#x68;a&#110;&#x40;&#x73;e&#97;&#x70;o&#114;&#x74;&#x63;&#97;&#112;&#x69;t&#97;&#x6c;&#x2e;&#99;&#x6f;&#x6d;\" rel=\"noopener\">&#75;&#x68;&#111;&#x6c;&#111;&#x68;&#97;&#x6e;&#64;&#x73;e&#x61;p&#x6f;r&#116;&#x63;&#97;&#x70;&#105;&#x74;&#97;&#x6c;&#46;&#x63;o&#x6d;<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Pearl Media acquires LURE Outdoor, becoming one of the largest Street-Level OOH Media companies in the US MONTCLAIR, N.J.&#8211;(BUSINESS WIRE)&#8211;Pearl Media, in partnership with Seaport Capital, has acquired LURE Outdoor, making it one of the premier street level Out of Home (\u201cOOH\u201d) Media companies in the United States. Based in New York City, LURE Outdoor\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-783426","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seaport Capital Invests in Pearl Media - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/seaport-capital-invests-in-pearl-media\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seaport Capital Invests in Pearl Media - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Pearl Media acquires LURE Outdoor, becoming one of the largest Street-Level OOH Media companies in the US MONTCLAIR, N.J.&#8211;(BUSINESS WIRE)&#8211;Pearl Media, in partnership with Seaport Capital, has acquired LURE Outdoor, making it one of the premier street level Out of Home (\u201cOOH\u201d) Media companies in the United States. 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