BOSTON OMAHA Corp (NYSE: BOC)

Boston Omaha Corporation (BOC) is a company with a diverse portfolio, operating in industries such as outdoor billboard advertising, broadband services, surety insurance, and asset management. The company, headquartered in Omaha, Nebraska, was established in 2009 and is listed on the New York Stock Exchange under the ticker symbol BOC. With a market capitalization of over $1 billion, BOC has raised more than $530 million in capital since 2015.

BOC's outdoor billboard advertising segment is one of its largest and most profitable. The company operates a network of billboards across the United States, with a focus on the Midwest region. BOC has acquired over 20 billboard companies since 2015, increasing its total count to approximately 4,000 billboards with over 7,600 advertising faces. The segment generates revenue through the sale of advertising space on its billboards to various clients, including local businesses, national brands, and government agencies.

In the broadband services industry, BOC provides high-speed internet services to rural communities in Arizona, Utah, and Nevada. The company has acquired several broadband providers, including AireBeam, UBB, and InfoWest, which together serve over 20,000 customers. The segment generates revenue through the sale of internet services to residential and commercial customers.

BOC's surety insurance segment provides surety insurance products and services to commercial clients. The company has acquired several insurance companies and brokerages, including UCS, which is authorized to issue surety insurance in all 50 states and the District of Columbia. The segment generates revenue through the sale of surety insurance products to commercial clients.

In the asset management segment, BOC invests in various assets, including commercial real estate, and provides asset management services to third-party clients. The company has made minority investments in several industries, including commercial real estate, asset management, and homebuilding. The segment generates revenue through the management of assets and the provision of asset management services to third-party clients.

BOC's competitive advantage lies in its ability to identify and capitalize on opportunities in new markets. The company's diversified portfolio of businesses reduces its dependence on any one industry or market, making it more resilient to economic downturns. Key competitors in the outdoor billboard advertising industry include Clear Channel Outdoor Holdings, Inc. and Lamar Advertising Company. In the broadband services industry, BOC competes with other rural internet service providers, including CenturyLink and AT&T. In the surety insurance industry, BOC competes with other surety insurance providers, including Travelers and Zurich Insurance Group.

BOC's customers include local businesses, national brands, government agencies, and residential and commercial customers. The company's customer base is diverse and includes clients from various industries, including retail, healthcare, finance, and technology.

BOC's brand names and trade names include its outdoor billboard advertising segment, which operates under the name "BOC Outdoor," and its broadband services segment, which operates under the names "AireBeam," "UBB," and "InfoWest." The surety insurance segment operates under the name "BOC Surety," and the asset management segment operates under the name "BOC Asset Management." These names reflect the company's commitment to providing high-quality products and services to its customers.