BOSTON OMAHA Corp

Boston Omaha Corporation (NYSE: BOC) operates a diversified portfolio of businesses spanning outdoor billboard advertising, broadband services, surety insurance and brokerage, and asset management, along with minority investments in commercial real estate, banking, and aviation infrastructure. The company's website is www.bostonomaha.com.

The outdoor billboard advertising segment operates approximately 3,900 billboard structures containing roughly 7,500 advertising faces across the Southeast and Midwest United States, with over 100 digital displays integrated into the portfolio. The broadband services division, operating under the Boston Omaha Broadband banner, serves approximately 49,500 customers across Arizona, Florida, Nevada, and Utah, with 19,900 fiber customers and 48,300 fiber passings completed. The surety insurance business, branded as BOSS Bonds, operates through United Casualty and Surety Insurance Company, which holds licenses in all 50 states and the District of Columbia, and distributes products through a network of independent insurance agents via an internet-based portal.

The company has deployed over $530 million since June 2015 in acquisitions and equity investments. Beyond its core operating segments, Boston Omaha holds significant minority stakes including a 15.6 percent investment in Crescent Bank & Trust, a 30 percent stake in Logic Real Estate Companies, and 11.7 million shares of Sky Harbour Group Corporation, a publicly traded developer of private aviation infrastructure. The company also holds investments in commercial real estate funds and other emerging businesses.

Boston Omaha's strategy emphasizes acquiring and operating businesses demonstrating consistent earnings power with attractive returns on tangible equity capital. The company sources acquisition opportunities through internal research, broker relationships, and direct outreach. Since its current management assumed control in February 2015, the company has pursued a disciplined approach to capital deployment, comparing acquisition opportunities against minority investments and public securities purchases to identify the highest-return deployment options. The company maintains a dual-class share structure with Class B shares held by affiliated entities, providing significant voting control over corporate decisions and strategic direction.