February 18, 2026
Everest Infrastructure Partners is pleased to announce the closing of $500 million in new equity capital commitments by TPG Peppertree to support future growth in its US-based wireless infrastructure platform. Everest currently owns and markets thousands of wireless infrastructure locations and this equity commitment ensures that Everest will have sizable financial resources for the foreseeable future as the company continues scaling its portfolio footprint throughout the U.S.
“We are pleased to continue our partnership with TPG Peppertree. Their deep industry expertise and strong track record in wireless infrastructure have made them an ideal partner over the past seven years,” said Mike Mackey, President of Everest. “This additional equity commitment brings total capital commitments to more than $2 billion and positions Everest to continue executing our differentiated strategy that has built one of the fastest-growing wireless infrastructure platforms globally.”
“Since our formation in 2015, Everest has focused on establishing a very strong performance-driven culture throughout our organization,” said Matt Newton, CEO of Everest. “Our partnership with TPG Peppertree continues to be a testament to our team’s ability to execute on a clearly defined strategy and will allow our organization to continue to grow and cultivate new leadership in guiding the business for many years to come.”
Mike Mackey added, “For the past ten years, Everest has been one of the fastest growing and most capital-efficient aggregation platforms in the U.S. We are focused on the acquisition and development of wireless towers, rooftops, ground leases, indoor DAS, and other communications infrastructure. We designed our unique strategy in-house, with continual refinement over many years, and it continues to enable market leadership throughout the industry.”
“We are excited about the opportunity to continue our long-tenured partnership with the talented Everest team,” said Howard Mandel and Ryan Lepene, Co-Managing Partners of TPG Peppertree. “We believe in the strength of the Everest platform and their ability to capitalize on opportunities in the tower industry for many years to come.”
Ballard Spahr LLP advised Everest Infrastructure Partners on the financing.
About Everest Infrastructure Partners
Everest Infrastructure Partners, based in Pittsburgh, PA, is one of the largest and fastest-growing wireless tower companies in the world. Everest owns and markets thousands of wireless infrastructure locations that help connect today’s rapidly evolving communications networks. We are a team of industry veterans with expertise in delivering mission-critical solutions to hundreds of network operator customers. Since its inception in 2015, Everest has raised capital commitments in excess of $2.0 billion.
More information about Everest can be found at www.everestinfrastructure.com
About TPG Peppertree
TPG Peppertree is a leading specialized digital infrastructure investment firm founded in Chagrin Falls, Ohio in 2004. The firm is focused on making investments in growing communication infrastructure assets, primarily wireless communications towers. Peppertree has $7.9 billion in assets under management and has made more than 175 investments through ten flagship funds. For more information, visit www.peppertreecapital.com
Media Contact
TPG Peppertree
Julia Sottosanti
[email protected]