It’s the third time since 2004, when
TowerCo was launched, that Richard Byrne and his team of more than two
dozen in Cary, NC have built up an impressive collection of tower assets
and found a buyer for them. He told Inside Towers “I am extremely fortunate to have wonderful investors (Tailwind
Capital Partners and Soros Fund Management) and great people working
with me.” With a chuckle, Byrne added, “ I am very, very lucky.”
Grain Infrastructure II, L.P, of
Sarasota, FL paid $244 million for the 253 tower spread “all over the
U.S.,” Byrne said. The deal settled on May 11. Byrne said TowerCo
decided to part with its third portfolio of towers last summer and began
marketing it in the fall. “We are pleased with the outcome of this
transaction and look forward to the continued growth of TowerCo IV which
is off to a very good start.” Continue Reading
No comments:
Post a Comment