Boston Omaha Asset Management Acquires 24th Street Asset Management
May 1, 2023
Boston Omaha Asset Management, a wholly owned subsidiary of Boston Omaha Corporation, acquired the remaining ownership interest in 24th Street Asset Management, increasing BOAM's ownership from 48% to 100%. The transaction included cash, a holdback subject to earn‑out thresholds, and 45,644 shares of Boston Omaha Class A common stock; 24th Street manages approximately $123 million of AUM as of December 31, 2022.
- Buyers
- Boston Omaha Asset Management, LLC, Boston Omaha Corporation
- Targets
- 24th Street Asset Management, LLC
- Sellers
- Brendan Keating, Sellers named in the MIPA (unnamed in press release)
- Industry
- Financial Services
- Location
- Nevada, United States
- Transaction Type
- Buyout
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