Boston Omaha Corporation

Alex B. Rozek and Adam K. Peterson serve as Co-Chief Executive Officers and Co-Chairmen, splitting executive duties between Boston and Omaha. Through their majority voting control via Class B shares, they retain final authority over capital allocation and acquisitions. No separate chief investment officer exists; the co-CEOs directly originate, underwrite, and close transactions (per the firm's proxy statement).

No. Boston Omaha is a publicly traded C-corporation — it issues equity and debt in the public markets rather than drawing from closed-end fund commitments. There are no management fees, carry structures, or redemption gates. Every investor buys and sells the same Class A common stock on the NYSE, and the firm cannot gate redemptions.

The firm has avoided asset-light, venture-scale technology companies entirely. Its capital has concentrated in three industries — outdoor advertising, surety insurance, and broadband infrastructure — all of which share high barriers to local entry, long-lived physical assets, and limited obsolescence risk. Management has publicly expressed skepticism toward businesses that require continuous capital raises without generating free cash flow.

Acquisitions originate through a decentralized network of industry brokers, long-standing operator relationships within Link Media and General Indemnity, and direct outreach by the co-CEOs. Because the firm competes against family-owned operators rather than institutional auction processes in its core markets, a meaningful share of deals occur without a broad marketing process (per the firm's annual shareholder letters).

There is no ownership or structural relationship. The name is an intentional homage — 'Boston' representing one co-CEO's base and 'Omaha' the other's, while signaling an affinity for Warren Buffett's permanent-capital compounding model. The firm has adopted Buffett's practice of writing annual shareholder letters, though its market capitalization and balance sheet remain a fraction of Berkshire's size.

Not in the traditional sense. The firm does not manage separate funds, co-investment pools, or philanthropic foundations. It has, however, created wholly owned operating subsidiaries — Link Media, General Indemnity Group, and 24th Street Fiber — that function as independent business units with their own management teams and P&Ls, all consolidated under the public-parent holding structure.