DigitalBridge Investment completed the acquisition of a majority stake in Vertical Bridge from Goldman Sachs Infrastructure Partners.

DigitalBridge Investment, an investment management firm, completed the acquisition of a majority stake in Vertical Bridge, a provider of wireless communications infrastructure, from Goldman Sachs Infrastructure Partners. Financial terms were not disclosed. “Vertical Bridge is the leading independent tower platform in the US, led by the preeminent tower management team in the industry. Significant acceleration in 5G infrastructure spending in the US has created a tremendous long-term growth opportunity for telecommunications infrastructure and demonstrated that investments to support the next generation of mobility continue to be a powerful thematic. By consolidating Vertical Bridge’s ownership via our fund management business, we will not only extend our long-standing relationship, but we will be even better positioned to support the Vertical Bridge team as they build on their market leadership and capitalize on exciting growth opportunities," Steven Sonnenstein, DigitalBridge Senior Managing Director.