Melody Investment Advisors, an alternative asset manager focused on mission-critical communications infrastructure, yesterday announced the entry into a definitive agreement to acquire CTI Towers. CTI has been majority owned by Comcast Ventures, Comcast Corporation's venture investment arm.
“It is very exciting to be working with Melody,” Tony Peduto, CTI’s CEO told Inside Towers.
“I have known John Apostolides for 12 years and look forward to growing
the company with him, Omar Jaffrey and their team. It was a great ten
year run with Dave Zilberman and Comcast Ventures. Dave has been
first-class since the day we met,” Peduto said. “Our employees are
excited to continue operating and contributing to the vital industry of
which we are a part.”
CTI Towers, based in Cary, NC, owns and manages approximately 1,150
towers in 47 states. The management team of CTI Towers will continue to
operate and manage the company. Terms of the transaction were not
disclosed. The transaction is expected to close later in 2020, subject
to the satisfaction of customary closing conditions. Continue Reading