wireless tower locations

Everest Infrastructure Partners Acquires CNS Microwave from TC Energy

June 10, 2024

Everest Infrastructure Partners has completed the acquisition of CNS Microwave, LLC (“CNS”), which includes a portfolio of wireless communication tower assets, from TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”). With tower sites located across six states and 83 percent of the portfolio’s rental income derived from AT&T, Verizon and T-Mobile tenancies, this transaction represents another scaled portfolio acquisition for Everest and further denotes Everest’s ability to identify and structure mutually beneficial transactions with non-traditional owners of wireless infrastructure.

“This transaction continues to validate Everest’s ability to partner with sellers in adjacent infrastructure verticals that require a trusted partner for operating in and around mission-critical highly secure locations, such as sites located within TC Energy’s critical energy infrastructure facilities,” said Brenton Atcheson, VP of Corporate Development, Everest Infrastructure Partners.

“We anticipate these sites will provide enhanced value for the growing Everest portfolio and look forward to facilitating our customers’ needs as well as new colocation activities at the CNS tower sites as they are integrated into Everest’s seasoned tower operations and marketing program”, added Atcheson.

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, with a culture of high performance, agility, and commitment.  Our Vision is to become the global partner of choice for wireless infrastructure assets.  To achieve this vision, we 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. Owning or marketing more than 2,500 communications tower sites in the United States, Australia, New Zealand, and Portugal, Everest has raised capital commitments of more than $1.5 billion since its inception in 2015, making it one of the wireless industry’s fastest growing and largest private tower companies.

More information about Everest can be found at http://everestinfrastructure.com