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M&A Deal Summary

SBA Communications Acquires TowerCo - 3 252 Towers

On June 26, 2012, SBA Communications acquired communications company TowerCo - 3 252 Towers from TowerCo for 1.5B USD

Acquisition Highlights
  • This is SBA Communications’ 7th transaction in the Communications sector.
  • This is SBA Communications’ largest (disclosed) transaction.
  • This is SBA Communications’ 8th transaction in the United States.

M&A Deal Summary
Date 2012-06-26
Target TowerCo - 3 252 Towers
Sector Communications
Buyer(s) SBA Communications
Sellers(s) TowerCo
Deal Type Divestiture
Deal Value 1.5B USD

Target

TowerCo - 3 252 Towers

United States
TowerCo - 3,252 Tower sites in 47 states across the U.S. and Puerto Rico.

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Buyer(S) 1

Buyer

SBA Communications

Boca Raton, Florida, United States
Category Company
Sector Communications
Employees1,720
Revenue 2.7B USD (2024)
DESCRIPTION
SBA corporate headquarters in Boca Raton, Florida.
SBA corporate headquarters in Boca Raton, Florida.

SBA Communications is an owner and operator of wireless communications infrastructure. SBA Communications is based in Boca Raton, Florida.

DEAL STATS #
Overall 8 of 10
Sector: Communications M&A 7 of 9
Type: Divestiture M&A Deals 3 of 4
Country: United States M&A 8 of 10
Year: 2012 M&A 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Bay Communications

Mansfield, Massachusetts, United States

Bay Communications LLC is a provider of wireless communications infrastructure. They develop, own and manage communication towers throughout the Northeast and the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 Pegasus Tower Development Co.

Tazewell, Virginia, United States

Pegasus Tower Development Co. LLC is a wireless infrastructure management and development services company.

Buy -

Seller(S) 1

SELLER

TowerCo

Cary, North Carolina, United States
Category Company
Founded 2004
Sector Infrastructure
DESCRIPTION

TowerCo develops and owns wireless communications towers and leases the towers' capacity to communications service providers. In addition to leasing towers, the company also markets and manages third-party towers for regional carriers. TowerCo was founded in 2004 and is based in Cary, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Sprint Nextel - 3 300 Towers

United States

Sprint Nextel - 3,300 Towers are great towers concentrated in large metropolitan markets throughout the U.S. and to support the company’s CDMA, iDEN and WiMAX networks.

Buy $670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Iowa Wireless - 119 Towers

United States

Iowa Wireless - 119 Towers comprises 119 wireless cell phone towers.

Buy $46M
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