Tuesday, January 15, 2019
TowerCo is pleased to announce a newly-formed partnership created by members of the TowerCo management team and Peppertree Capital Management (Peppertree). As part of the transaction, TowerCo retained all of its assets and Peppertree committed an additional $300 million of equity capital to fund future growth. The transaction represents Peppertree’s 76th investment in the communications infrastructure industry. In connection with the transaction, the majority of the TowerCo management team will remain in place and Todd Boyer will take over as Chief Executive Officer.
Alpina Capital, LLC, acted as the
exclusive financial advisor to the TowerCo V management team in this
Founded in 2004 by Richard Byrne & Scot Lloyd, TowerCo has a long
track record of success building quality infrastructure for wireless services
providers. TowerCo focuses exclusively on the development and management of tower
infrastructure in the United States. TowerCo is based in Cary, NC.
ABOUT PEPPERTREE CAPITAL MANAGEMENT:
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. Peppertree was formed in 2004
and is currently investing out of its seventh private equity fund and an
evergreen debt fund. Peppertree has more than $1 billion under management and
has made 76 investments in communication infrastructure companies in 10
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