BOSTON–(BUSINESS WIRE)–May 12, 2020–
M/C Partners, a Boston-based communications and expertise services-focused personal fairness agency, introduced immediately that it has closed on an fairness funding in TowerCom, LLC, a Jacksonville, FL-based communications tower developer. M/C’s preliminary funding and extra future dedication will permit TowerCom to proceed to execute on its strong new tower construct plan on behalf of nationwide and regional wi-fi carriers.
“As wireless carriers expand their 5G footprints and nationwide coverage with mid and high band spectrum, the industry, and TowerCom, should see strong colocation prospects in the coming years,” stated Rad Lovett, Chairman and Chief Executive Officer of TowerCom. “Our exceptional team of operating partners and the strength of our go-to-market approach, coupled with this latest round of funding from M/C, positions us well to capitalize on our platform to drive our next phase of growth.”
“With its experienced team, long track record of building and operating towers across the country, and strong carrier relationships, TowerCom is well-positioned to continue its recent momentum and make an even bigger impact in this space,” stated Brian Clark, Managing Partner at M/C Partners. “Our investment in TowerCom gives us the unique opportunity to partner with a proven tower developer that brings visibility into a scaled portfolio of towers as carriers ramp up spending on their 5G deployments in a critical investment cycle for the wireless communications industry.”
Abhishek Rampuria, Vice President at M/C Partners, added, “Our investment in TowerCom builds on M/C’s long and successful heritage of investing in the wireless industry. The TowerCom team has built a best-in-class tower development platform and we are excited to begin this partnership and support the next chapter in the TowerCom story.”
As TowerCom’s main monetary investor, M/C Partners will contribute its intensive expertise within the communications and expertise companies markets. M/C has been a number one investor on this sector for greater than three a long time, having beforehand invested in Lightower, Zayo, MetroPCS, Connectivity Wireless and others. Legal counsel for M/C Partners was supplied by Sidley Austin LLP and Fox Rothschild LLP.
TowerCom is a Jacksonville, FL-based communications tower developer executing new tower builds on behalf of provider clients primarily within the Southeast and Southwest US. TowerCom has established itself as a significant regional tower developer with deep relationships with each nationwide and regional wi-fi carriers. TowerCom is accountable for the end-to-end tower growth course of, taking provider enter heading in the right direction places and protection wants after which executing website acquisition, allowing / zoning, development, and operational help. The firm is led by a veteran administration workforce that has expertise in all phases of tower infrastructure growth, deployment and administration. For extra data, go to www.towercomenterprises.com.
About M/C Partners
Based in Boston, M/C Partners is a personal fairness agency targeted on small and mid-sized companies within the communications and expertise companies sectors. For greater than three a long time M/C Partners has invested $2.2 billion of capital in over 130 corporations, leveraging its deep business experience to know long-term secular traits and determine development alternatives. The agency is at the moment investing its eighth fund, partnering with promising corporations and empowering sturdy leaders to speed up development, optimize operations, and construct long-term worth. For extra data, go to www.mcpartners.com.
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Executive Vice President, TowerCom