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Patrick Media sale clears federal hurdle

Published on .

Federal regulators have cleared the acquisition of Patrick Media Group, an outdoor advertising company with annual revenues of about $225 million, by the smaller Phoenix, Ariz.-based Eller Media Group, with backing from Hellman Friedman Capital Partners. Patrick Media has been controlled by one-time primary lender General Electric Capital since a debt restructuring several years ago.

Copyright August 1995 Crain Communications Inc.

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