Boston Omaha Finishes Sale of Surety Unit to CopperPoint
OMAHA, Oct. 26, 2026 - Boston Omaha Corporation completed the sale of its surety insurance business unit to CopperPoint Insurance Company in an all-cash transaction. The company, listed on the NYSE under the ticker BOC, announced the closing of the deal on October 26, 2026. CopperPoint acquired all outstanding equity interests in General Indemnity Group, LLC, the entity that operated the surety business. The gross sales price for the transaction was $84,308,757. Terms remained consistent with the Securities Purchase Agreement signed by the parties on May 18, 2026.
OMAHA, Oct. 26, 2026 - Boston Omaha Corporation completed the sale of its surety insurance business unit to CopperPoint Insurance Company in an all-cash transaction. The company, listed on the NYSE under the ticker BOC, announced the closing of the deal on October 26, 2026. CopperPoint acquired all outstanding equity interests in General Indemnity Group, LLC, the entity that operated the surety business. The gross sales price for the transaction was $84,308,757. Terms remained consistent with the Securities Purchase Agreement signed by the parties on May 18, 2026.
Boston Omaha retained 2,673,831 shares of Sky Harbour Class A common stock, which had previously been contributed to UCS. The company also received a final cash dividend of $326,371 from General Indemnity Group. This dividend represents remaining cash received by the entity from the January 2026 sale of its preferred stock position in Breezeway Homes, Inc.
Adam K. Peterson, President and Chief Executive Officer of Boston Omaha, stated that the company appreciates the leadership of Dave Herman and Bob Thomas. He noted their role in managing revenue growth and expanding the surety business scope over the last several years. Peterson indicated that he believes the capabilities of the General Indemnity Group team combined with CopperPoint’s scale and financial strength will position the business for continued growth.
Boston Omaha is filing a Form 8-K with the U.S. Securities and Exchange Commission regarding the sale simultaneously with this announcement. The company plans to file an amendment to that Form 8-K by October 29, 2026, which will include pro forma financial information required by Item 2.01. Further details about the transaction, including a copy of the securities purchase agreement, are available in the Form 8-K filed on May 18, 2026.
Proceeds from the sale will be held as cash and cash equivalents at Boston Omaha. The company intends to deploy these funds into opportunities as they arise. Potential uses include investments within current business interests, new investments, or funding the company’s recently announced $30 million share repurchase plan. The issuer operates as a publicly traded holding company that controls subsidiaries providing outdoor advertising, broadband telecommunications services and asset management.