ALEXANDRIA, VA; TORONTO – Pinpoint Capital Advisors (Pinpoint) acted as exclusive financial advisor to Signum Wireless Corporation (Signum), a Toronto, ON - based communications tower developer, owner and manager on the sale of its portfolio of 68 sites to InSite Wireless Group, LLC (InSite). The acquisition allows InSite to add to its significant portfolio of wireless communications sites in Canada.
Signum Wireless is one of the largest, privately-held developers and owners of wireless communications sites in Canada. Founded in 2011, Signum Wireless builds and owns wireless communication sites in Canada’s most populace provinces - Ontario, Quebec, Alberta and British Columbia. The senior management team including Denis Stelatos, James Kennedy and Ferdinand Staab are all highly-experienced Canadian telecommunications executives each with over 20+ years experience.
The Signum Wireless’ portfolio consists of highly attractive assets with secure, recurring revenues from long-term leases with primarily blue-chip tenants including Bell Mobility, Rogers Wireless and Freedom Mobile (Shaw Communications). The portfolio benefits from strong organic growth through contracted escalators, new tenant colocation and lease amendments.
InSite was founded in 2006 and has grown to be one of the largest private, independent owners of wireless communications sites including towers, distributed antenna systems (DAS) and land under towers in the U.S. InSite’s significant shareholders include Macquarie Infrastructure Partners, Cox Enterprises and Catalyst Investors.