M&A Deal Summary

Palistar Capital Acquires CTI Towers

On September 1, 2020, infrastructure investor Palistar Capital acquired business services company CTI Towers

Acquisition Highlights
  • This is Palistar Capital’s 1st transaction in the Business Services sector.
  • This is Palistar Capital’s 2nd transaction in the United States.
  • This is Palistar Capital’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-09-01
Target CTI Towers
Sector Business Services
Buyer(s) Palistar Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Evercore Group (Financial)

Target

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.

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Buyer(S) 1

Buyer

Palistar Capital

Investor Investor Investor Investor Investor

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 2 of 2
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Harmoni Towers

Little Rock, Arkansas, United States

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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