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.