M/C Partners, a Boston-based communications and technology services-focused private equity firm, has announced that it has closed on an equity investment in TowerCom, LLC, a Jacksonville, FL-based communications tower developer, the company said.
M/C´s initial investment and additional future commitment will allow TowerCom to continue to execute on its robust new tower build plan on behalf of national and regional wireless carriers.
As TowerCom´s primary financial investor, M/C Partners will contribute its extensive experience in the communications and technology services markets. M/C has been a investor in this sector for more than three decades, having previously invested in Lightower, Zayo, MetroPCS, Connectivity Wireless and others. Legal counsel for M/C Partners was provided by Sidley Austin LLP and Fox Rothschild LLP.
TowerCom is a Jacksonville, FL-based communications tower developer executing new tower builds on behalf of carrier customers primarily in the Southeast and Southwest US. For more information, visit www.towercomenterprises.com.
Based in Boston, M/C Partners is a private equity firm focused on small and mid-sized businesses in the communications and technology services sectors. For more than three decades M/C Partners has invested USD 2.2 billion of capital in over 130 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. For more information, visit www.mcpartners.com.