American Tower - M&A Summary and Business Overview

Real EstateCompany

American Tower M&A Summary

American Tower has acquired 18 companies, including 5 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 2 assets.

American Tower’s largest acquisition to date was in 2021, when it acquired CoreSite Realty for $10.1B. American Tower has acquired in 9 different US states, and 4 countries. The Company’s most targeted sectors include communications (80%) and business services (7%).

American Tower Business Overview

Where is American Tower headquartered?

American Tower is headquartered in Boston, Massachusetts.

What is American Tower’s revenue?

American Tower disclosed revenue of 8,042M USD for 2020 and 7,580M USD for 2019.

How many employees does American Tower have?

American Tower has 5,618 employees.

What sector is American Tower in?

American Tower is a real estate company.

When was American Tower founded?

American Tower was founded in 1995.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity15
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 16
  • M&A Advisors 9

American Tower

American Tower Corp.

116 Huntington Avenue, 11th Floor,
Boston, Massachusetts 02116
United States,
(617) 375-7500
www.americantower.com

American Tower is a independent owner, operator and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 12 1 2 - - - 15
vol $10.3B $3.5B $10.1B $23.9B
Sell (0.4/yr) # - - 1 1 - - 2
  17

Most Recent M&A

Company Date Value Type
American Tower’s Data Center Business 2022-08-01 - Divestiture
Boston, Massachusetts
CoreSite Realty Corp. 2021-11-15 10.1B USD Add-on Acquisition
Denver, Colorado · www.coresite.com
Municipal Communications LLC 2021-10-25 - Divestiture
Atlanta, Georgia · www.municipalcom.com
DataSite 2021-10-20 - Add-on Acquisition
Orlando, Florida · www.datasitecolo.com
InSite Wireless Group LLC 2020-11-05 3.5B USD Add-on Acquisition
Alexandria, Virginia · www.insitewireless.com
Eaton Towers Ltd. 2019-05-30 1.9B USD Add-on Acquisition
London, United Kingdom · www.eatontowers.com
Municipal Communications LLC 2018-12-05 - Add-on Acquisition
Atlanta, Georgia · www.municipalcom.com
Viom Networks Ltd. 2015-10-26 - Stake Purchase
Gurgaon, India · www.viomnetworks.com
Tarpon Towers LLC 2014-10-01 - Add-on Acquisition
Bradenton, Florida · www.tarpontowers.com
BR Towers S.A. 2014-06-15 - Add-on Acquisition
Sao Paulo, Brazil · www.brtowers.com.br
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
InSite Wireless Group LLC 2020-11-05 Agile Network Builders LLC 2022-05-02 1
Alexandria, Virginia · www.insitewireless.com Canton, Ohio · www.agilenetworks.com

M&A by Sector

Sector Buy # Value Sell # Value
Communications 12 (80%) 13.8B (58%) 1 (50%) -
Information Technology 1 (7%) - 1 (50%) -
Business Services 1 (7%) 39M (< 1%) - -
Internet Software and Services 1 (7%) 10.1B (42%) - -
Total 15 $23.9B 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 22.1B 2 -
  Florida 4 4.8B - -
  Georgia 1 - 1 -
  Virginia 1 3.5B - -
  Vermont 1 39M - -
  North Carolina 1 3.1B - -
  New Mexico 1 397M - -
  Illinois 1 - - -
  Colorado 1 10.1B - -
  Massachusetts - - 1 -
Brazil 1 - - -
India 1 - - -
United Kingdom 1 1.9B - -
Domestic 12 (80%) 22.1B (92%) 2 (100%) -
Cross-border 3 (20%) 1.9B (8%) - -
Total 15 $23.9B 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
Credit Suisse Investment Banking
1
Citigroup Investment Banking
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
3
Kilpatrick Townsend & Stockton LLP
1
King & Spalding LLP
1

Deal Values

buy # Total
> $1B 5 $23.4B
$100M to $1B 2 $533M
< $100M 1 $39M
TOTAL $23.9B
Largest CoreSite Realty Corp.
$10.1B (2021-11-15)

M&A Connections

Deals
Acquired from
Investor(s)
53%
8 (53%)
Strategic(s)
27%
4 (27%)
Divested to
Investor(s)
100%
2 (100%)

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