Pittsburgh-headquartered Everest Infrastructure Partners has acquired 10 wireless towers in East Texas. The tower cluster north and east of Houston represents the largest acquisition Everest has completed in Texas.
The transaction will allow Everest to explore new tower development in a tight geography that complements its New England development business, as well as other regions where the company is working on new tower development, including upstate New York, Northern California and parts of the Pacific Northwest.
“These towers have substantial existing tenancy including numerous public safety network operators managing mission critical networks. We expect these tower locations to be attractive for additional broadband tenants in the near future,” Everest Infrastructure Partners President Mike Mackey said in a statement.
Everest closed its second investment fund, EIP Holdings II LLC, in August. The closing brought the total capital committed across EIP’s platform of Communications Infrastructure assets to more than $350 million.
Everest is a privately-owned operator of communications infrastructure assets including wireless communications towers, rooftop locations, tower ground leases and indoor wireless systems. Everest provides infrastructure to all major U.S. wireless operators, and currently operates, manages or markets more than 4,000 communications sites throughout the U.S.
