M&A Deal Summary

CTI Towers Acquires SCI Towers

On May 26, 2022, CTI Towers acquired communications company SCI Towers

Acquisition Highlights
  • This is CTI Towers’ 1st transaction in the Communications sector.
  • This is CTI Towers’ 1st transaction in the United States.
  • This is CTI Towers’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-05-26
Target SCI Towers
Sector Communications
Buyer(s) CTI Towers
Deal Type Add-on Acquisition

Target

SCI Towers

Cary, North Carolina, United States
SCI Towers is an independent communication tower developer that provides unique solutions in the development of wireless infrastructure. SCI Towers was founded in 2011 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

CTI Towers

Morrisville, North Carolina, United States
Category Company
Founded 2011
Sector Business Services
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 294 communication tower sites - CTI Towers

Franklin, Massachusetts, United States

294 communication tower sites - CTI Towers, Inc. includes communication towers, related tower site equipment and infrastructure, related real property interests, and wireless carrier and customer agreements related to the towers.

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