January 5, 2023
Everest Infrastructure Partners has completed the acquisition of a portfolio of wireless communications tower assets from Communications Tower Group (“CTG”).
The tower assets represent premium locations across 10 states in the Southeast and Midwest regions of the U.S. “We are very pleased to work with CEO and Founder, Ricardo Loor, as well as the entire management team of CTG to acquire these high-quality tower assets and development pipeline. Carrier leasing activity for these sites has been consistently strong and we expect it to continue given the momentum for colocation and new tower development that we see in their pipeline,” said Mike Mackey, President of Everest.
“This acquisition of these tower assets and development pipeline from CTG closes out a record year for our team at Everest. We achieved growth in our U.S. portfolio of 50% in 2022, more than the prior two years combined, and have positioned Everest as one of the premier owners of wireless infrastructure assets,” said Mackey. “We are incredibly proud of the respective teams involved on this transaction and especially our internal closing team as they dedicated themselves to closing this deal through the holiday season to ensure a successful closing in 2022.”
Kalil & Company, Inc. served as exclusive financial advisor to Everest in this transaction.
About Everest Infrastructure Partners
Wireless connectivity is rapidly changing the world. Utilizing a data-driven approach, Everest has developed one of the largest and most efficient aggregation platforms focused exclusively on Wireless Infrastructure assets. We are a creative and entrepreneurial team operating in multiple countries around the world. Our Vision is to embrace technology evolution to deliver exceptional value to our network provider customers, their wireless communications users, and all participants in the growth of mobile infrastructure networks. Operating more than 1,000 communications tower sites in the United States, Australia, and New Zealand, Everest has raised capital commitments of more than $1 billion since its inception in 2015, making it one of the wireless industry’s fastest growing and largest private tower companies.