Boca Raton, FL - Pinpoint Capital Advisors1 (“Pinpoint”) acted as exclusive financial advisor to SBA Communications on the announced sale of its Canadian wireless tower business (“SBA Canada”) to CVC DIF for CAD$446 million. The investment in SBA Canada will be made through DIF Infrastructure VIII. CVC DIF is the dedicated infrastructure investment strategy of global private markets manager CVC. The transaction is expected to close during the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions.
Established in 2009, SBA Canada represents one of the largest independent wireless tower portfolios in Canada, owning and operating a diversified portfolio of approximately 500 owned and managed wireless communication sites strategically located across high-growth urban, suburban and rural markets. The portfolio is underpinned by long-term contracts featuring escalation mechanisms and long-duration site control. SBA Canada plays a prominent role in supporting the expansion of next generation 5G and broadband networks for Canadian mobile network operators and connectivity providers.
Brendan Cavanagh, Chief Executive Officer of SBA Communications, commented: “This transaction aligns with our long-term strategic goal of focusing on our core markets, while realizing substantial value for this unique set of assets in Canada and allowing us to reinvest proceeds for the benefit of our shareholders.”
Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF, added: “The acquisition of SBA Canada represents a significant investment in critical digital mobile tower infrastructure. SBA Canada’s diversified high-quality tower portfolio, long-term customer relationships and proven development capabilities make it a valuable addition to CVC DIF’s fund portfolio. We look forward to supporting the company’s continued growth and helping to accelerate connectivity across Canada.”
Pinpoint is a leading boutique advisory firm specialized in digital infrastructure including the tower, fiber and data center sectors. Pinpoint advises on transactions (including divestitures, mergers and acquisitions) and raises capital from lower-cost, longer-term institutional investors which helps its small and mid-market clients compete with even their largest competitors. Pinpoint has a reputation for developing winning transaction strategies for deals of virtually every size and type. Pinpoint’s extensive relationships span strategics, infrastructure and private equity funds, pension plans, insurance companies and family offices.