M&A Deal Summary

Palistar Capital Acquires Harmoni Towers

On June 2, 2020, infrastructure investor Palistar Capital acquired infrastructure company Harmoni Towers from Uniti Group

Acquisition Highlights
  • This is Palistar Capital’s 1st transaction in the Infrastructure sector.
  • This is Palistar Capital’s 1st transaction in the United States.
  • This is Palistar Capital’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2020-06-02
Target Harmoni Towers
Sector Infrastructure
Buyer(s) Palistar Capital
Sellers(s) Uniti Group
Deal Type Divestiture

Target

Harmoni Towers

Little Rock, Arkansas, United States
website
Harmoni Towers owns, operates, and builds mission-critical communications infrastructure. The company focuses on the acquisition and construction of communication networks and works with customers in a wide variety of situations, including monetizing existing assets and new site development. Harmoni Towers is based in Little Rock, Arkansas.

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Buyer(S) 1

Buyer

Palistar Capital

Investor Investor Investor Investor Investor

website

Category Infrastructure
Founded 2019
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Palistar Capital is an alternative asset manager focused on private equity investments in global communications companies. The Firm seeks digital infrastructure assets, with specific interest in telecommunication easements, towers, data centers and fiber, and carrier partnerships. Palistar Capital considers investment opportunities that demonstrate distinct barriers to entry, high operating margins and cash flow, low maintenance capital expenditures, high lease renewal rates, and other characteristics. Palistar Capital was founded in 2019 and is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 2
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 CTI Towers

Morrisville, North Carolina, United States

CTI Towers operates, manages, maintains, and leases wireless towers. CTI Towers has acquired towers from many of the largest cable television operators, smaller operators and other private owners to attain its growth. CTI Towers was founded in 2011 and is based in Morrisville, North Carolina.

Buy -

Seller(S) 1

SELLER

Uniti Group

Little Rock, Arizona, United States

website

Category Company
Sector Real Estate
Employees787
Revenue 1.1B USD (2020)
DESCRIPTION
Uniti's headquarters in Little Rock, Arkansas.
Uniti's headquarters in Little Rock, Arkansas.

Uniti Group is a real estate investment trust engaged in the acquisition and construction of mission-critical infrastructure in the communications industry. Uniti Group is based in Little Rock, Arizona.

DEAL STATS #
Overall 1 of 2
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 2
State (Arkansas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Southern Light

Mobile, Alabama, United States

Southern Light LLC is a provider of data transport services along the Gulf Coast region serving twelve attractive Tier II and Tier III markets across Florida, Alabama, Louisiana, Georgia, and Mississippi. Southern Light’s dense regional fiber network comprises nearly 540,000 fiber strand miles, 5,700 fiber route miles, and over 4,500 on-net locations. Southern Light and Hunt will double Uniti Fiber’s operational network to encompass over one million fiber strand miles, and increase Uniti’s aggregate strand miles to over 4.8 million.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Uniti Group - Fiber Network Assets

Philadelphia, Pennsylvania, United States

Uniti Group's Fiber Network Assets provides dedicated internet access, dark fiber, Ethernet, and data center solutions.

Sell -
Mergr

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