Crown Castle - M&A Summary and Business Overview

CommunicationsCompany

Crown Castle M&A Summary

Crown Castle has acquired 19 companies. A total of 16 acquisitions came from private equity firms.

Crown Castle’s largest acquisition to date was in 2017, when it acquired Lightower Fiber Networks for $7.1B. Crown Castle has acquired in 6 different US states. The Company’s most targeted sectors include communications (78%) and real estate (12%).

Crown Castle Business Overview

Where is Crown Castle headquartered?

Crown Castle is headquartered in Houston, Texas.

What is Crown Castle’s revenue?

Crown Castle disclosed revenue of 6,340M USD for 2021 and 5,840M USD for 2020.

How many employees does Crown Castle have?

Crown Castle has 5,000 employees.

What sector is Crown Castle in?

Crown Castle is a communications company.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13
  • M&A Advisors 3

Crown Castle

Crown Castle International Corp.

1220 Augusta Drive, Suite 600,
Houston, Texas 77057
United States,
(713) 570-3000
www.crowncastle.com

Crown Castle operates and leases shared wireless infrastructure, distributed antenna systems, and interests in land under third party towers. The Company's core business is providing access, including space or capacity, to towers, and to a lesser extent, to small cells and third party land interests via long-term contracts, including license, sublease and lease agreements.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $17.9B $17.9B
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Lightower Fiber Networks LLC 2017-07-18 7.1B USD Add-on Acquisition
Boxborough, Massachusetts · www.lightower.com
Wilcon Operations LLC 2017-04-17 600M USD Add-on Acquisition
Los Angeles, California · www.wilcon.com
FPL FiberNet LLC 2016-11-01 1.5B USD Divestiture
Miami, Florida · www.fplfibernet.com
Tower Development Corp. 2016-04-08 461M USD Add-on Acquisition
Boston, Massachusetts
Quanta Fiber Networks, Inc. (Sunesys) 2015-08-04 1.0B USD Add-on Acquisition
Houston, Texas
NextG Networks, Inc. 2011-12-19 1.0B USD Add-on Acquisition
San Jose, California · www.nextgnetworks.net
NewPath Networks, Inc. 2010-09-08 115M USD Add-on Acquisition
Seattle, Washington · www.newpathnetworks.net
Global Signal, Inc. 2007-01-12 5.8B USD Add-on Acquisition
Sarasota, Florida · www.gsignal.com
Mountain Union Telecom LLC 2006-05-08 309M USD Add-on Acquisition
Alexandria, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 7 (78%) 11.1B (62%) - -
Infrastructure 1 (11%) 1.0B (6%) - -
Real Estate 1 (11%) 5.8B (32%) - -
Total 9 $17.9B - -

By Geo

State/Country Buy Value Sell Value
United States 9 17.9B - -
  Massachusetts 2 7.6B - -
  Florida 2 7.3B - -
  California 2 1.6B - -
  Texas 1 1.0B - -
  Washington 1 115M - -
  Virginia 1 309M - -
Total 9 $17.9B - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 2
J.P. Morgan Securities
 1
Legal Deals
Cravath, Swaine & Moore
 3

Deal Values

buy # Total
> $1B 5 $16.4B
$100M to $1B 4 $1.5B
TOTAL $17.9B
Largest Lightower Fiber Networks LLC
$7.1B (2017-07-18)

M&A Connections

Deals
Acquired from
Investor(s)
67%
6 (67%)
Strategic(s)
11%
1 (11%)

Company Summary

SECTOR

Communications

Revenue

6,340   9% 2021
5,840   2% 2020
5,763   7% 2019
5,423   25% 2018
4,356   12% 2017
3,921   8% 2016
3,664   1% 2015
3,690   23% 2014
3,022   25% 2013
2,432   2012
(millions of USD) Show More Show Less

Employees

5,000

Public

NYSE: CCI

Former Name

Castle Transmission International Ltd.

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