JACKSONVILLE, BOSTON, TORONTO – Pinpoint Capital Advisors (Pinpoint) acted as exclusive financial advisor to TowerCom, LLC (TowerCom), a Jacksonville, FL - based communications tower developer, owner and manager on its $80mm equity capital raising. The investment and additional future commitment by M/C Partners, a Boston-based communications and technology services-focused private equity firm and Fengate Asset Management (Fengate), a leading alternative investment manager will allow TowerCom to continue to execute on its robust new tower build plan on behalf of national and regional wireless carriers.
TowerCom’s exceptional team of operating partners and the strength of its go-to-market approach, coupled with this latest round of funding from M/C Partners and Fengate positions it well to capitalize on its platform to drive the next phase of growth. 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.
Pinpoint worked closely with senior management of TowerCom, Rad Lovett, Chairman and Dave Olson, EVP on the successful transaction.