Private equity firm GMT Communications Partners, through its subsidiary Primesight, has acquired the roadside advertising business of Titan Outdoor Advertising for an undisclosed sum.
Private equity firm GMT Communications Partners, through its subsidiary Primesight, has acquired the roadside advertising business of Titan Outdoor Advertising for an undisclosed sum.
Primesight owns a portfolio of outdoor advertising products including advertising display panels on major roads and retail outlets throughout the UK. The deal will double the company’s roadside offering.
Naren Patel of Primesight commented: ‘Titan’s roadside assets will be invaluable to us in our drive to increase our market share. We look forward to the implementation of Primesight’s business model and the resultant reinvigoration of this new estate.’
London-based GMT Communications Partners is a private equity group focused exclusively on the communications sector. Since its foundation in 1993, GMT has invested in 28 companies and completed over 100 transactions across 18 countries.
