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New Deal


Announced

Fengate to acquire tower assets from Municipal Communications and Seaport Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Telecommunications Equipment

Private Equity

Acquisition

Friendly

Private

Cross Border

Single Bidder

Majority

United States

telecommunications towers

Synopsis

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Fengate, an investment firm, agreed to acquire tower assets from Municipal Communications, a communications infrastructure provider, and Seaport Capital, a private equity firm. Financial terms were not disclosed. “We’re proud of our long-term relationship with Peter Corry and the Municipal team. Peter and his team developed a diverse portfolio of tower assets, anchored by the big three wireless providers, over the last three years. We wish Fengate success with the portfolio. We look forward to partnering with Municipal to build another great portfolio of tower assets," Bob Tamashunas, Seaport Partner.

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