Investment Summary

M/C Partners Invests In TowerCom

On May 12, 2020, private equity firm M/C Partners invested in technology hardware company TowerCom

Investment Highlights
  • This is M/C Partners’ 1st transaction in the Technology Hardware sector.
  • This is M/C Partners’ 34th transaction in the United States.
  • This is M/C Partners’ 3rd transaction in Florida.

Investment Summary
Date 2020-05-12
Target TowerCom
Sector Technology Hardware
Investor(s) M/C Partners
Deal Type Growth Capital

Target

TowerCom

Neptune Beach, Florida, United States
TowerCom is a communications tower developer executing new tower builds on behalf of carrier customers primarily in the Southeast and Southwest US. TowerCom has established itself as a major regional tower developer with deep relationships with both national and regional wireless carriers. TowerCom is responsible for the end-to-end tower development process, taking carrier input on target locations and coverage needs and then executing site acquisition, permitting/zoning, construction, and operational support. The company is led by a veteran management team that has experience in all phases of tower infrastructure development, deployment, and management. TowerCom was formed in 1994 and is based in Neptune Beach, Florida.

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Investor(S) 1

Investor

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 41 of 51
Sector (Technology Hardware) 1 of 1
Type (Growth Capital) 8 of 16
State (Florida) 3 of 3
Country (United States) 34 of 44
Year (2020) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 West Monroe Partners - Managed Services Division

Chicago, Illinois, United States

West Monroe Partners’ Managed Services Division provides help desk support and infrastructure management solutions to clients. Monroe Partners’ Managed Services Division is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 QOS Networks

Irvine, California, United States

QOS Networks is a managed service provider helping companies through their digital transformation. At its core, QOS empowers IT teams and lines of business to be highly productive with complete solutions from edge to cloud. Headquartered in Irvine, California, QOS turns network data into actionable insights through advanced monitoring, analytics, and management – enabled by automation and AI – so customers can proactively discover opportunities that will strengthen their organization.

Buy -
Mergr

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