Searchlight Capital Partners and British Columbia Investment Management to invest in Adams Outdoor Advertising.

Investment companies Searchlight Capital Partners and British Columbia Investment Management agreed to invest in Adams Outdoor Advertising, the fourth largest, and largest privately-held, out-of-home media operator in the United States. Financial terms were not disclosed. "We are excited to work with Kevin Gleason, his management team and Searchlight to support the company’s growth. Our investment in Adams aligns with BCI’s long-term investment approach of investing in stable industries that provide compelling risk-adjusted returns for our pension plan and insurance fund clients," Dave Hong, BCI Senior Managing Director, Private Equity.