wireless tower locations

Everest Infrastructure Partners Raises Growth Capital of $500 Million

June 13, 2023

 Everest Infrastructure Partners is pleased to announce the closing of $500 million in new equity capital commitments to support our future growth.  Combined with new debt financing and additional financing commitments to our international operations, Everest has recently closed on more than $1 billion in new financing.

“Since our formation in 2015, Everest has built one of the largest and fastest growing wireless infrastructure platforms in the global communications industry,” said Matt Newton, CEO of Everest.  “We are executing a unique and proprietary growth strategy that we have proven out over the past two decades.  With world-class leadership and equity sponsors supporting our pursuits combined with our high-performance culture, Everest is poised to join the global leadership ranks for 5G Wireless Infrastructure.”

“Everest owns and markets more than 2,500 wireless infrastructure locations in four countries,” said Mike Mackey, President of Everest.   “We have developed and scaled one of the world’s most capital-efficient aggregation platforms pursuing the acquisition and development of wireless towers, rooftops, ground leases, indoor DAS, and other communications infrastructure.  Everest has been the leading aggregation platform in the U.S. for the past few years and have more recently launched international operations in Australia, New Zealand, and Portugal.  With global 5G data traffic expected to increase by 60% annually over the next decade, we expect our growth strategy to continue to lead the market for the foreseeable future.”

“Raising $500 million in new equity capital is a milestone accomplishment for our team,” said Newton.  “It is also a tremendous show of support and trust by our best-in-class investors, led by Peppertree Capital Management, who have worked with us for many years.  These are still the very early days of growth for 5G wireless communications, and we are excited to lead the way for many years to come.”


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 https://everestinfrastructure.com/

About Peppertree Capital Management, Inc.

Peppertree Capital Management, Inc. is a private equity firm focused on making investments in growing communication infrastructure companies, both in the United States and internationally.  Areas of interest include towers, fiber, DAS, spectrum, small cells and real estate related to its areas of focus.  Peppertree was formed in 2004 and is currently investing out of its ninth equity fund and an evergreen debt fund.  Peppertree has more than $4.75 billion under management and has made more than 140 investments in communication infrastructure companies in 12 countries.

More information about Peppertree can be found at https://peppertreecapital.com