BOC - Mergers and acquisitions

Revenue grew 35% in 2024 Net Income grew 32% in 2024 General Indemnity Group (GIG) is a leading holding company in the surety insurance sector that encompasses United Casualty & Surety Insurance Company (UCS) and BOSS Bonds Insurance Agency. GIG is excited to announce its strongest financial performance to date for FY 2024. The company achieved total annual revenue of $23.9 million, a 35% increase from $17.7 million in 2023. Net income reached $2.72 million, a 32% increase from $2.06 million in 2023, marking another year of robust growth and strategic development. GIG credits its success to its strong financial performance, strategic expansion initiatives, and ongoing investments in t

InfoWest Inc. ("InfoWest"), a majority owned subsidiary of Boston Omaha Corporation (NYSE:BOC) has completed the acquisition of substantially all of the assets of SunRiver Fiber Network from Cable Systems of Nevada ("Cable Systems"). The transaction includes all fiber internet assets along with the internet and VoIP subscriber agreements. The acquisition expands InfoWest's current fiber footprint in St. George by including the SunRiver Community. InfoWest's Co-Founder and COO Randy Cosby said, "The SunRiver Fiber Network is a really well-designed and constructed fiber project that fits nicely into our strategic growth plan. InfoWest is excited to continue the great service offered by Cabl

– BOAM increases ownership interest in 24th Street Asset Management, LLC from 48% to 100%. Boston Omaha Asset Management, LLC ("BOAM"), a wholly-owned subsidiary of Boston Omaha Corporation (NYSE:BOC) ("BOC" or the "Company") has acquired the remaining ownership interest in 24th Street Asset Management, LLC ("24th Street"). Prior to the acquisition, BOAM owned a 48% beneficial interest in 24th Street. 24th Street serves as the general partner of two funds and several joint ventures, which invest via equity and debt in commercial real estate assets. BOAM and Brendan Keating raised 24th Street's first fund in Q1 2020. As of December 31, 2022, 24th Street has approximately $123 million of

Link Media Outdoor ("Link"), is pleased to announce the purchase of the outdoor advertising assets of Elevation Outdoor Advertising, based in Knoxville, TN. Elevation Outdoor operates over 265 billboard faces including 8 digital displays in Knoxville and East Tennessee. These assets add a geographic expansion into new territory for Link. Scott LaFoy, President and CEO of Link said, "Link is excited to enter the Tennessee market, as we expand our service to advertisers and prospective customers in Knoxville and the East Tennessee area. Elevation Outdoor is a well-built and successful business founded in 2002 by Martin Daniel, a respected Knoxville businessman, former state representative in

Utah Broadband ("UBB"), a majority owned subsidiary of Boston Omaha Corporation (NYSE:BOC), has completed the acquisition of Strawberry Communications' Internet Service business. This includes all fiber and wireless internet assets and subscriber agreements. While this acquisition is not material to BOC's overall fiber business, it does expand UBB's fiber infrastructure footprint making it one of the largest fiber providers in the Greater Park City Area and Heber Valley. Utah Broadband's Founder and CEO Steven McGhie said, "We are excited to carry on Strawberry's tradition of great service to its customers. Leveraging their fiber and wireless assets will complement our extensive network in

Boston Omaha Corporation (NYSE:BOC), through its wholly owned subsidiary FIF St George, LLC ("FIF St George"), has completed the acquisition of the businesses operated by InfoWest, Inc. ("InfoWest") and Go Fiber LLC ("Go Fiber"), fiber and fixed wireless internet service providers located in St. George, Utah. The InfoWest and Go Fiber businesses together provide high-speed internet services to over 20,000 customers throughout Southern and Central Utah, Northern Arizona and Moapa Valley, Nevada. InfoWest Co-Founder and CEO Kelly Nyberg said, "Our partnership with Boston Omaha will dramatically accelerate our fiber expansion within our current markets and into new communities." InfoWest and