Boston Omaha Corporation (BOC) is a public holding company, which owns several businesses spanning various sectors, ranging from real estate and advertisement to insurance services. The company is named after the two hometowns of its co-founders, Adam K. Peterson and Alex B. Rozek, and reflects their admiration for the investment model of Berkshire Hathaway, founded by Warren Buffett and Charlie Munger.
Founded in 2009, BOC achieved consistent organic growth with a focus on long-term investment prospects rather than short-term profitability. As of today, BOC operates via three major segments: Insurance, Billboards, and Real Estate Operations.
The company's Insurance segment led by its subsidiary, General Indemnity Group (GIG), houses companies providing various types of insurance services. Through effective underwriting, GIG aims to provide lucrative returns, underpinning BOC’s financial stability.
Its second most prominent segment is advertising. Link Media Holdings (LMH), BOC's subsidiary, operates in the billboard advertising sector. Characterized by exclusive long-term leasing and licensing agreements, the billboard operations have provided the company with a steady stream of revenue.
BOC's third segment, Real Estate Operations, holds and manage both commercial and residential real estate properties. It is primarily driven by BOC's subsidiary, Logic Commercial Real Estate, which provides brokerage, property management, and other real estate services.
Notably, in 2020, BOC established Ark Insurance Holdings to complement GIG and further reinforce its insurance operations. Ark aims to underwrite specialty insurance and reinsurance business via its subsidiaries.
BOC's management prides itself on its long-term investment approach. Rather than focusing on quarterly earnings, the company reinvests its profits into promising businesses with a focus on creating sustainable value. Furthermore, BOC also adheres strictly to a decentralized management structure, where its subsidiaries operate independently, providing them with the flexibility to adapt to their unique market dynamics.
Over the past decade, Boston Omaha Corporation has fashioned a well-diversified portfolio that is built to withstand economic downturns. With its progressive approach, BOC aims to continue its steady growth trajectory, providing value to its investors, employees, and clients.