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.
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BOSTON OMAHA Corp (NYSE: BOC) Director Kenan Frank H. II was granted 5,252 shares at $13.71 each on September 14, 2026. This transaction increased his total holdings in the company to 14,896 shares, with the newly awarded shares making up approximately 35.3% of his updated stake. The share award was officially recorded under SEC transaction code A.
Adam K. Peterson has increased his beneficial ownership in Boston Omaha Corp (NYSE: BOC) to 22.6%, totaling 6,756,842 shares. This increase is a result of the company's recent share repurchase program, which reduced the total outstanding shares, rather than new acquisitions by Peterson. His significant activist stake indicates potential influence over the issuer, though future buying or selling remains under review.
Boston Omaha Corporation announced a new $30 million Class A common stock buyback program, authorized by its Board of Directors. This program is set to begin on November 1, 2026, and will replace the previous 2025 repurchase plan. The buyback will be funded through available cash and cash equivalents and is expected to conclude by December 31, 2027, or once the $30 million limit is reached.
Boston Omaha Corporation announced the results of its 2026 Annual Meeting, held on August 21, 2026, through an 8-K filing on August 24, 2026. Stockholders elected six Class A directors, ratified Deloitte & Touche LLP as the independent auditor for fiscal year 2026, and approved named executive officer compensation in an advisory vote. Jeffrey C. Royal received the highest number of votes among the elected directors.