Friday, May 17, 2024

Adams Outdoor names Kevin Jones as CEO to replace Kevin Gleeson

Wednesday, May 15, 2024

NEW YORK –Adams Outdoor Advertising (“Adams” or “the Company”), one of the leading out-of-home media operators in the United States, today announced the appointment of Kevin Jones as Chief Executive Officer. With more than 30 years of experience across the technology industry, including most recently serving as the CEO of both contact center software company Calabrio, Inc., and previously as CEO of multi-cloud solutions company Rackspace Technology, Mr. Jones is well-positioned to capitalize on Adams’ long history of success and help lead the firm into its next chapter. Long-time Adams CEO Kevin Gleason, who stepped back earlier this year into the Executive Chairman role, will work closely with Jones during the transition.

Commenting on Mr. Jones’ appointment, Mr. Gleason said: “With a shared bullish vision for the Company, Kevin Jones is the right person to take the reins of Adams as we enter our fifth decade in business. Mr. Jones brings proven leadership, and will help ensure we preserve our great culture and continue our exceptional growth while still prioritizing the customer experience. His experience and skills will be invaluable to our customers, and the Adams team, as our industry continues to technologically adapt and progress.”

“Adams continues to set the industry standard for excellence, and we are confident that Kevin Jones is the right person to lead the Company’s next iteration of growth,” said Darren Glatt, Partner at Searchlight Capital Partners. “Having personally worked with Kevin during his time as CEO of Rackspace Technology, I have seen firsthand how he leads with passion and determination to elevate an organization and its people. On behalf of the Board and the Company’s investors, I cannot overstate our excitement about working with Kevin as CEO of Adams.”

“Mr. Jones brings a wealth of experience and a proven management playbook to execute Adams’ strategic priorities,” said Dave Hong, Senior Managing Director at British Columbia Investment Management Corporation (BCI). “We are pleased with his appointment as CEO.”

Commenting on his appointment, Mr. Jones added: “It is an honor to be named CEO of Adams. Kevin Gleason set a high bar, leading Adams for more than three decades and cementing the Company as one of the four largest out-of-home media operators in the United States. I look forward to working closely with Mr. Gleason to capitalize on the long-term momentum he and the team have created to ensure Adams continues to push the boundaries in our industry, and to provide impactful results to our customers.”

Founded in 1983, Adams has been instrumental in promoting the power of outdoor advertising by providing clients with bespoke media solutions to target audiences at the local level. In September 2021, Adams announced a strategic investment with Searchlight Capital Partners, L.P., a leading global private investment firm, in partnership with BCI, one of the largest institutional investors in Canada.

About Adams Outdoor Advertising

Adams Outdoor Advertising (“Adams”) is a privately owned company offering out-of-home and online media solutions. Adams offers unique and award-winning creative, audience-based multi-media sales expertise, and a people-first approach to client service. Adams boldly proclaims its mission of reinventing the medium known as outdoor by proving it to be more relevant and powerful than anyone has yet to imagine. By maintaining strong member relations with industry leaders such as Geopath and the OAAA, Adams employs data-driven media proficiency that raises the standard for out-of-home. For more information, please visit www.adamsoutdoor.com.

About Searchlight Capital Partners, L.P.

Searchlight is a global private investment firm with approximately $14 billion in assets under management and offices in New York, London, Miami and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.

About BCI

British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada with C$233 billion under management, as of March 31, 2023. Based in Victoria, British Columbia, with offices in Vancouver, New York City, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of our British Columbia public sector clients. BCI’s private equity program actively manages a C$28.3 billion global portfolio that focuses on the financial, business services, healthcare, industrials, consumer, and technology-media-telecom sectors, through direct investments across companies in the Americas, Europe, and Asia Pacific region. For more information, please visit www.bci.ca.

Contacts
Media:

Adams Outdoor Advertising
Michelle McAlpine
Chief of Staff
mmcalpine@adamsoutdoor.com
www.adamsoutdoor.com

Searchlight
Prosek Partners
pro-searchlight@prosek.com

Published on Wednesday, May 15, 2024 at 12:01 PM

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