October 11, 2022
Everest Infrastructure Partners, through EIP Holdings II LLC, has completed the acquisition of a portfolio of wireless communications tower assets from PT Holding Company LLC, PeakNet LLC, and PeakNet Services LLC (collectively, “PeakNet”).
The tower assets represent premium locations in Florida, Indiana, North Carolina, and South Carolina. “This portfolio is characterized by very high-quality assets in high-growth suburban markets,” said Mike Mackey, President of Everest Infrastructure. “98% of the tenant rents are derived from wireless broadband services and 98% of the rents come from investment-grade tenants. These are premium locations in markets with very strong growth metrics.”
“The acquisition of tower assets from PeakNet is the largest acquisition that Everest Infrastructure Partners has completed since our inception,” said Matt Newton, CEO of Everest. “We are incredibly proud of the respective teams involved on this transaction as we completed an efficient acquisition in a very short timeframe. The team at PeakNet were exceptional and everyone worked to get this completed in a highly compressed window of opportunity.”
Media Capital Advisors, Inc. served as exclusive financial advisor to PeakNet.
About Everest Infrastructure Partners
Wireless connectivity is rapidly changing the world. Utilizing a data-driven approach, Everest has developed one of the largest and most efficient aggregation platforms focused exclusively on Wireless Infrastructure assets. We are a creative and entrepreneurial team operating in multiple countries around the world. Our Vision is to embrace technology evolution to deliver exceptional value to our network provider customers, their wireless communications users, and all participants in the growth of mobile infrastructure networks. Operating more than 1,000 communications tower sites in the United States, Australia, and New Zealand, Everest has raised capital commitments of more than $1 billion since its inception in 2015, making it one of the wireless industry’s fastest growing and largest private tower companies.