CPPIB and AIMCo-backed BAI Communications completed the acquisition of Mobilitie from Shamrock Capital.

CPPIB and AIMCo-backed BAI Communications, a global communications infrastructure provider, completed the acquisition of Mobilitie, the largest privately held telecommunications infrastructure company in the United States, from private equity firm Shamrock Capital. Financial terms were not disclosed. "BAI's acquisition of Mobilitie establishes us as a leading telecommunications infrastructure provider in the United States and the most relevant provider of public transit wireless connectivity solutions in North America. This reflects our ambitions for the US as well as the other markets in which we operate globally and puts us in the perfect position to capitalise on the growing prioritisation of connected infrastructure in regions such as the UK and Europe. The scale and strong relationships with large venue operators and mobile network operators that Mobilitie brings fits perfectly with BAI's existing leadership in connected transit and infrastructure," Igor Leprince, BAI Communications CEO.