TowerCo II Holdings LLC

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TowerCo II Holdings LLC - overview

Established

2008

Location

Cary, NC, US

Primary Industry

Telecoms

About

TowerCo II Holdings LLC is a prominent entity specializing in the ownership and management of wireless communication towers and infrastructure, facilitating enhanced connectivity for diverse clients across the United States. TowerCo II Holdings LLC, founded in 2008 and headquartered in Cary, US, focuses on the development, acquisition, and management of wireless communication towers. The company was acquired by SBA Communications Corporation from Tailwind Capital for approximately USD 1. 45 billion in October 2012, following the most recent deal finalized on June 26, 2012.


CEO Tina Tower leads the organization, which has completed a total of 2 deals since its inception. TowerCo specializes in developing, acquiring, owning, and managing wireless communication towers and associated infrastructure. Its core offerings include Build-to-Suit towers tailored to meet the needs of wireless carriers, government agencies, and private organizations. The company also provides colocation services that enable multiple tenants to share tower space efficiently.


With a portfolio exceeding 15,000 tower, land, and rooftop sites, TowerCo serves a varied clientele, including wireless carriers, municipalities, and private landowners across urban, suburban, and rural areas in the United States. TowerCo generates revenue primarily through transactions related to its tower and infrastructure services, including Build-to-Suit agreements and colocation arrangements. These transactions often involve long-term contracts with clients, structured as partnership agreements where clients pay for the right to use towers for their communication needs, typically charged as a monthly fee for colocation services or a one-time payment for new tower construction, reflecting their specific requirements. This operational model ensures a steady revenue stream derived from strategic partnerships within the telecommunications ecosystem.


TowerCo's strategy for future growth includes plans to enhance its product offerings and expand its geographic reach. The company intends to launch new products tailored to evolving client needs, with specific details and release dates anticipated later. TowerCo is targeting expansion into new markets, although specific regions have not been disclosed. The recent acquisition by SBA Communications Corporation, finalized in October 2012 for USD 1.


45 billion, is expected to bolster its resources to support these initiatives.


Primary Industry

Telecoms

Sub Industries

Public Relations & Communications, Telecoms Towers & Infrastructure

Website

www.towerco.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

TowerCo II Holdings LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedTowerCo II Holdings LLC-
BuyoutCompletedTowerCo II Holdings LLC-

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