New York, NY (February 4, 2014) – Colite Outdoor, LLC (“Colite Outdoor” or the “Company”) has been acquired by Top Media Holdings S.A. (“Top Media”) of Panamá City, Panamá. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Colite Outdoor.
Colite Outdoor, LLC (www.coliteoutdoor.com) is the largest regional outdoor advertising company in Central America. With an inventory of over 500 large-format display faces strategically positioned within Central America’s most populated areas and heavily traveled roadways, Colite Outdoor provides advertisers with the most extensive market coverage of any operator in the region. The Company’s clients have included Coca-Cola, HSBC, McDonald’s, Reebok, Visa, Pizza Hut, Levis, Toyota, Unilever, Pepsi, Citibank, and Procter & Gamble.
Top Media Holdings (www.topmedia.com.pa) is the leading Out-of-Home advertising company in Panamá. Top Media offers advertisers a variety of high-impact advertising options, such as billboards, banners, and airport and shopping center displays.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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