# Boston Omaha Corporation

Boston Omaha Corporation is an Asset Manager based in Omaha, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Omaha, United States
- **Region:** North America
- **Address:** Omaha, NE, United States
- **Founded:** 2009
- **Assets under management:** $500M - $1B (Altss estimate)
- **Website:** bostonomaha.com
- **LinkedIn:** https://www.linkedin.com/company/boston-omaha-corporation

## Regulatory record

- **CRD number:** 324144
- **SEC file number:** 802-131971
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/324144

## About

Boston Omaha Corporation (NYSE:BOC) is a diversified public holding company with four businesses: Broadband (telecommunications services), Billboards (outdoor advertising), Bonds (surety insurance) and Asset Management.

## Sectors

- Billboard Advertising
- Surety Insurance
- Broadband Infrastructure
- Real Estate

## Offices

- Boston, MA

## People

- Adam K. Peterson — Co-Chief Executive Officer and Co-Chairman
- Alex B. Rozek — Co-Chief Executive Officer and Co-Chairman
- Joshua P. Weisenburger — Chief Financial Officer

## Questions

### Who runs investment decisions at Boston Omaha?

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).

### Does Boston Omaha raise external funds or limited-partner capital?

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.

### What industries does Boston Omaha avoid?

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.

### How does Boston Omaha source acquisitions?

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).

### What is the relationship between Boston Omaha and Berkshire Hathaway?

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.

### Has Boston Omaha spun off or created adjacent investment vehicles?

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.

## Related profiles

- [Aldabra 4 Liquidity Opportunity Vehicle](https://altss.com/profile/aldabra-4-liquidity-opportunity-vehicle-inc)
- [Universal Logistics Holdings](https://altss.com/profile/universal-logistics-holdings-inc)

---

Last updated: 2026-08-11T15:06:20.694Z

Canonical page: https://altss.com/profile/boston-omaha-corp

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology