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Announced

Completed

Palistar Capital-backed Harmoni Towers completed the acquisition of Parallel Infrastructure from Apollo Global.

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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Friendly

Single Bidder

Domestic

Private

Internet

Majority

telecommunications services

United States

Acquisition

Private Equity

Completed

Synopsis

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Palistar Capital-backed Harmoni Towers, a provider of telecommunication services, completed the acquisition of Parallel Infrastructure, an operator of a telecommunications platform intended to provide critical telecommunications infrastructure, from Apollo Global, a private equity firm. Financial terms were not disclosed. "We are excited to close on this transaction in partnership with the Parallel team as we seek to grow and enhance the solutions we provide to clients," Lawrence Gleason, Harmoni CEO.

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