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Fuel Outdoor Acquires 20-Year Exclusive in Miami | Fuel Outdoor Acquires 20-Year Exclusive in Miami |
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Fuel Miami LLC Named Exclusive Provider of Miami Street Furniture New York, NY [April 5, 2007]- On March 8th the Miami City Commission voted unanimously to approve Fuel Miami LLC, a subsidiary of Fuel Outdoor Holdings LLC, as their long-term provider of bus shelters, benches, and trash receptacles. Some of the top outdoor advertisers in the business battled for this opportunity. In the end the City Commission agreed that Fuel Miami is the company of choice to exclusively supply Miami with outdoor furniture for the next 20 years. Providing proper bus shelter amenities for the community of Miami has been a goal of the city government for quite some time. The current shelters are in need of rehabilitation, some are missing roofs, and others are missing side panels and benches. Fuel Outdoor , is taking initiative to build new shelters with benches, roofs, and adequate materials to protect riders from inclement weather. Fuel will be furnishing the Miami community with 600 new bus shelters over a three-year span. This is a significant investment and strategic partnership for Fuel Outdoor a company that has been on an unprecedented growth. Fuel Outdoor has been growing rapidly and expanding its asset base through highly targeted acquisitions most recently acquiring Sarmiento Advertising LLC in Miami. Fuel now has more than 4,000 locations in eight of the top 15 markets nationwide. Fuel has achieved this success by partnering with landlords and municipalities as well as addressing the creative needs of advertisers and agencies with high-impact media vehicles. Fuel Outdoor Holdings LLC (www.fueloutdoor.com ) is a privately held company, headquartered in New York City. Fuel is a portfolio company of Och-Ziff Capital Management – a global institutional asset management firm with over $20 billion of capital under management. Visit Founding Premier Member....FUEL Outdoor
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AboutFuel Outdoor Advertising, founded in early 2003 by two young entrepreneurs, has been growing quickly, building its portfolio and making acquisitions in top markets. Fuel is now present in 8 of the top 15 markets nationwide, has a portfolio of over 4,000 locations, and works with advertisers such as Apple, American Express, and Visa. Over the last four years Fuel has also acquired an executive team of experienced and seasoned outdoor professionals, most recently hiring Marc Miller as Chief Operating Officer. Growing nearly 1,000 percent in the last two years, Fuel is continuing to expand its asset base at an astonishing rate and is poised to go straight to the top. |
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| Last Updated ( Thursday, 30 October 2008 ) | |||||||||||||||||||||||||||||
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