Ocean Outdoor has acquired Forrest Media, a leading provider of large format outdoor media solutions in Scotland, for £200 million ($267.7 million).
The deal expands Ocean’s national footprint and enhances its position as a large format digital-out-of-home operator in the UK, with an offering which will now include Scotland’s capital city of Edinburgh and the economic centre of Glasgow. Forrest Media has a portfolio of locations throughout Edinburgh, Glasgow and greater Scotland as well as Manchester and Newcastle in North England.
The Forrest Media management team will continue under the day-to-day leadership of managing director Marc Keenan. Chris Trainer, the Founder of Forrest Group, becomes chairman of the Scottish business, Ocean Scotland. Ocean has also entered into new long-term lease agreements with other Forrest Group entities.
Ocean Outdoor’s portfolio also includes London’s Piccadilly Lights, which were renovated in 2017. (Newly Renovated Piccadilly Lights Switched On)
