Arrington Acquires Select North Texas Assets from Ralston

Dallas-based outdoor advertising company expands coverage in surrounding communities.

Apr. 10, 2026 at 7:57am

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A minimalist studio still life photograph featuring a collection of polished, geometric shapes and objects in muted tones, conceptually representing the strategic business decisions and market dynamics behind an outdoor advertising industry acquisition.A strategic acquisition allows two outdoor advertising companies to optimize their regional portfolios and capitalize on the continued growth of the Dallas-Fort Worth market.Dallas Today

Ralston Outdoor, a major outdoor advertising firm, has announced the divestiture of select assets located north, west, and south of the Dallas-Fort Worth metroplex to Arrington Outdoor Advertising. The deal, facilitated by Drachman M&A Co., will allow Ralston to focus on its core inventory in the Dallas and East Texas regions, while Arrington gains a stronger presence in growing suburban communities around the DFW area.

Why it matters

The Dallas-Fort Worth region is a thriving outdoor advertising market, with companies constantly looking to optimize their portfolios through strategic acquisitions. This deal allows both Ralston and Arrington to better align their assets with their respective business priorities and growth plans.

The details

Ralston Outdoor has divested select outdoor advertising displays located outside the core Dallas-Fort Worth metroplex to Arrington Outdoor Advertising. The assets are situated in communities including Azle, Lake Whitney, Springtown, Lindsay, Aurora, Ennis, and Gainesville. Arrington, which has been an active acquirer of outdoor assets in Texas, sees this as an opportunity to expand its coverage in the growing suburban areas surrounding the DFW region.

  • Ralston Outdoor announced the divestiture on April 10, 2026.

The players

Ralston Outdoor

A major outdoor advertising firm that has divested select assets located outside the Dallas-Fort Worth metroplex.

Arrington Outdoor Advertising

A Dallas-based outdoor advertising company that has acquired the select assets from Ralston Outdoor, expanding its presence in the growing suburban communities around DFW.

Drachman M&A Co.

The leading outdoor advertising mergers and acquisitions firm in the United States, which facilitated the deal between Ralston and Arrington.

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What they’re saying

“As our business evolves, it has become clear that focusing our efforts on our core Dallas and East Texas inventory provides the greatest return. In light of that, a strategic review recommended the divestiture of these displays located north, west, and south of the metroplex. We identified Arrington as having more infrastructure in these areas, and were happy to come to terms with them.”

— Ben Ralston, General Partner, Ralston Outdoor

“We are always looking for growth opportunities. The Dallas-Fort Worth metroplex keeps growing, and these displays bolster our coverage in its surrounding communities including: Azle, Lake Whitney, Springtown, Lindsay, Aurora, Ennis, and Gainesville. It was great working with our friends at Ralston and we look forward to continuing the relationship.”

— Mike Wolverton, Managing Partner, Arrington Outdoor Advertising

“The Dallas-Fort Worth metroplex continues to be a vibrant OOH market. Outdoor operators are constantly looking to perfect their portfolios, and this deal helps both sides execute a broader vision.”

— Max Drachman, CEO, Drachman M&A Co.

The takeaway

This acquisition allows Arrington to strengthen its presence in the growing suburban communities surrounding the Dallas-Fort Worth metroplex, while Ralston can focus its efforts on its core inventory in the urban center and East Texas region. The deal highlights the ongoing consolidation and portfolio optimization occurring in the vibrant Texas outdoor advertising market.