5.9.24

SAN JUAN, Puerto Rico – Out of Home Media, LLC ("OOHM" or the "Company"), the 2nd largest out-of-home advertising operator in Puerto Rico, announced that the Company has been acquired by Hello Media, LLC ("Hello Media"). OOHM's operations included 94 advertising displays, including 70 digital displays, predominantly located in the San Juan metro area.

OOHM was owned and operated by GFR Media, LLC (“GFR Media”), the leading operator of media assets in Puerto Rico.

The President of the Board of Directors of GFR Media, María Eugenia Ferré Rangel, assured that, “the transaction will contribute to strengthening the company's focus on its digital strategy, with unique resources and offers in the market.” She added that "the alliance reinforces the strategic value that GFR Media will offer our advertisers with an 85% growth in digital billboards in a total of 104 locations."

“Likewise, our family business will continue to diversify the portfolio of industries we have entered through our business journey. There are new opportunities that are being evaluated and the injection of capital allows us to venture into other projects,” said Ferré Rangel.

With the acquisition, Hello Media doubles the locations available to serve its clients, including digital, fixed and mesh billboards, strategically located throughout Puerto Rico. Such reach, according to its executives, makes Hello Media the outdoor advertising company with the greatest coverage on the entire island. Hello Media will now have a total of 104 locations, 130 digital displays and 50 fixed and mesh displays.

“We are very excited about this acquisition as, for us, it represents an important step in strengthening our brand and our market share,” said Rafael Moreno, CEO and founder of Hello Media.

Moorgate Securities acted as exclusive financial advisor to GFR Media and OOHM in connection with the transaction.

10.24.23

SGREENVILLE, SC.--(IPS)--IPS, North America’s leading solution provider for electromechanical equipment, rotating equipment, and power management systems, has acquired Lighthouse Global Energy. Based in Abilene, Texas, the company is an OEM wind turbine parts supplier and manufacturer with in-house engineering, testing, and repair expertise.

The acquisition strengthens IPS services in utility-scale renewable energy power generation, with more resources for the expanding wind power market in West Texas. Lighthouse operations will join forces with the IPS network of renewables service centers, field service teams, distribution centers, and warehouses.

“My colleagues and I are excited about becoming part of IPS,” said Ruben Guerrero, President of Lighthouse Global Energy. “IPS combines unique single-source capabilities for wind power with scale — which we want to align with. Renewable Energy is our future, and acquisitions like the one today make our industry stronger. We’re proud to add our distribution relationships, engineering, manufacturing, and services to the IPS North American network.”

“Lighthouse is a strategic and important acquisition for IPS’s customer offering. It brings to IPS a broad and deep people talent combined with inventory not supported by IPS today,” said Jason McDonald, Senior Vice President, Renewables Business. “The addition of Lighthouse exemplifies IPS’s commitment to building an offering of technical services that support the needs of wind and solar customers across North America. IPS and Lighthouse’s combined inventory and knowledge will help us respond, rethink, and resolve challenges that few providers can.”

Moorgate Securities acted as the exclusive financial advisor to Lighthouse Global Energy in connection with the transaction.