Arrington Outdoor Acquires North Texas Outdoor Advertising Assets from Ralston

The deal expands Arrington's coverage in the growing Dallas-Fort Worth metroplex.

Apr. 10, 2026 at 7:05am

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A high-end, photorealistic studio still-life photograph featuring a stack of billboard advertising contracts, a pen, and a calculator on a clean, monochromatic background, symbolizing the business strategy and financial aspects of the outdoor advertising industry.The strategic acquisition of outdoor advertising assets allows companies to optimize their portfolios and expand their geographic reach in vibrant markets.Dallas Today

Ralston Outdoor, a Dallas-based outdoor advertising company, has announced the divestiture of select outdoor advertising assets located north, west, and south of the Dallas-Fort Worth metroplex to Arrington Outdoor Advertising. The transaction, facilitated by Drachman M&A Co., will allow Ralston to focus on its core inventory in the Dallas and East Texas regions, while Arrington expands its presence in the surrounding communities.

Why it matters

The Dallas-Fort Worth area is a rapidly growing market for outdoor advertising, and this deal allows both Ralston and Arrington to optimize their portfolios and strengthen their positions in the region. Consolidation in the outdoor advertising industry is common as companies seek to expand their geographic reach and improve operational efficiencies.

The details

Under the terms of the agreement, Ralston Outdoor has divested select outdoor advertising assets located north, west, and south of the Dallas-Fort Worth metroplex to Arrington Outdoor Advertising. The specific assets and financial details of the transaction were not disclosed. Ralston Outdoor stated that the divestiture will allow the company to focus on its core inventory in the Dallas and East Texas regions, while Arrington Outdoor Advertising will be able to expand its coverage in surrounding communities such as Azle, Lake Whitney, Springtown, Lindsay, Aurora, Ennis, and Gainesville.

  • Ralston Outdoor announced the divestiture on April 9, 2026.
  • The transaction was facilitated by Drachman M&A Co.

The players

Ralston Outdoor

A Dallas-based outdoor advertising company that has divested select assets located north, west, and south of the Dallas-Fort Worth metroplex.

Arrington Outdoor Advertising

An outdoor advertising company that has acquired select assets from Ralston Outdoor, expanding its coverage in the communities surrounding the Dallas-Fort Worth metroplex.

Drachman M&A Co.

The leading Outdoor Advertising Mergers and Acquisitions firm in the United States, which represented Ralston Outdoor in the transaction.

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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.

What’s next

The specific details of the acquired outdoor advertising assets and the financial terms of the transaction were not disclosed. It is likely that Arrington Outdoor Advertising will work to integrate the newly acquired assets into its existing portfolio and expand its presence in the communities surrounding the Dallas-Fort Worth metroplex.

The takeaway

This deal highlights the ongoing consolidation in the outdoor advertising industry as companies seek to optimize their portfolios and expand their geographic reach. The Dallas-Fort Worth area remains a key market for outdoor advertising, and this transaction allows both Ralston Outdoor and Arrington Outdoor Advertising to better position themselves to capitalize on the region's growth.