Telecompetitor Arches

TowerCo Secures $300 Million Equity Commitment to Fund Future Growth

CARY, N.C., Jan. 15, 2019 /PRNewswire/ — TowerCo is pleased to announce a newly-formed partnership created by members of the TowerCo management team and Peppertree Capital Management (Peppertree).  As part of the transaction, TowerCo retained all of its assets and Peppertree committed an additional $300 million of equity capital to fund future growth. The transaction represents Peppertree’s 76th investment in the communications infrastructure industry. In connection with the transaction, the majority of the TowerCo management team will remain in place and Todd Boyer will take over as Chief Executive Officer.

Alpina Capital, LLC, acted as the exclusive financial advisor to the TowerCo V management team in this transaction.

Press Release

SIMILAR STORIES

Verizon Frontline
NAD Supports Verizon Claim of Prioritizing First Responders
Learn more about this post
Road_Speed
AT&T Traffics Data at 1.6 Tbps in Trial
Learn more about this post
T-mobile
T-Mobile Claim About Starlink Service Upheld by National Advertising Division
Learn more about this post