Mergers & Acquisitions ·
Boston Omaha completes $84.3M sale of insurance unit GIG to CopperPoint
BOCBOSTON OMAHA Corp
Boston Omaha Corporation completed the sale of its General Indemnity Group (GIG) business unit, including BOSS Bonds Insurance Agency and United Casualty and Surety Insurance Company, to CopperPoint Insurance Company for a gross purchase price of $84.3 million. The all-cash transaction closed on October 23, 2026, yielding net proceeds of approximately $75.3 million after transaction expenses, escrow funds, and management bonuses. Boston Omaha will also receive up to 93% of the $5.25 million escrow fund two years post-closing. The company received 2.67 million shares of Sky Harbour common stock and a $326,000 dividend from GIG prior to closing. This filing provides unaudited pro forma financial statements reflecting the deconsolidation of GIG as discontinued operations for fiscal years ended December 31, 2025 and 2024. Boston Omaha operates in the billboard advertising and broadband services industries.