Minneapolis, MN (PRWEB) June 17, 2014
Johnsen, Fretty & Company is pleased to announce the sale of Trans Media Group to AllOver Media, Inc., a Minneapolis-based out-of-home media company. Johnsen, Fretty & Company acted as exclusive financial advisor to Trans Media Group (TMG) in this transaction.
TMG is a leading provider in delivering cost effective, full-market coverage solutions in the Minneapolis/St. Paul metro area. With over 40,000 displays in thousands of locations, TMG’s platform consists of transit, truckside, wallscape, parking, regional mall and indoor displays.
Founded in 2002, AllOver Media has aggressively expanded to become a multi-faceted, integrated media provider. The company, which operates throughout the US and Canada, has experienced rapid sales growth with double-digit increases over the past six years. The purchase of TMG further expands AllOver Media’s dominant position in the Twin Cities out-of-home market.
The sale of TMG follows the untimely passing of James Arabanos in November 2013, one of the brightest and most successful entrepreneurs in the alternative out-of-home space. Mr. Arabanos previously founded AJ Indoor alongside Tony Jacobson, current CEO of AllOver Media. After divesting AJ Indoor in 2000, Mr. Arabanos founded Intran Media, a truck-side advertising company. Mr. Arabanos successfully divested that business in 2006 prior to founding TMG. During that nearly 20-year span, JFC advised Mr. Arabanos on 10 separate acquisitions, divestitures and financings.
About Johnsen, Fretty & Company
Johnsen, Fretty & Company (http://www.jfco.com) is a media investment banking firm specializing in assisting out-of-home, place-based and digital media companies with a variety of business initiatives. JFC’s services include navigating clients through divestitures and acquisitions, raising debt and/or equity financing, advising on strategic partnerships, strategic consulting, and valuations. JFC has completed over 200 media transactions with deal volume over $2.0 billion in its 20+ year history. Securities transacted through StillPoint Capital, Tampa, FL, Member firm FINRA/SiPC