M&A Deal Summary

Tailwind, Vulcan Capital and Altpoint Capital Partners Acquire TowerCo

On August 3, 2005, private equity firm Tailwind, family office Vulcan Capital and growth capital firm Altpoint Capital Partners acquired infrastructure company TowerCo

Acquisition Highlights
  • This is Tailwind’s 1st, Vulcan Capital’s 1st and Altpoint Capital Partners’ 1st transaction in the Infrastructure sector.
  • This is Tailwind’s 1st, Vulcan Capital’s 5th and Altpoint Capital Partners’ 1st transaction in the United States.
  • This is Tailwind’s 1st, Vulcan Capital’s 1st and Altpoint Capital Partners’ 1st transaction in North Carolina.
Investment Fate
  • TowerCo was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2005-08-03
Target TowerCo
Sector Infrastructure
Buyer(s) Tailwind
Vulcan Capital
Altpoint Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

TowerCo

Cary, North Carolina, United States
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.

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Buyer(S) 3

Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 1 of 51
Sector: Infrastructure M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 13
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 51
Year: 2005 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-21 Village Roadshow Entertainment Group

Melbourne, California, United States

Village Roadshow Entertainment Group is an independent global entertainment company operating in the film and music industries. Village Roadshow Entertainment Group consists principally of Village Roadshow Pictures Group, Concord Music Group, and Village Roadshow Entertainment Group Asia. Village Roadshow Entertainment Group is based in Melbourne, California.

Buy -
Buyer

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 5 of 35
Sector: Infrastructure M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: North Carolina M&A 1 of 3
Country: United States M&A 5 of 30
Year: 2005 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-28 DreamWorks Animation SKG

Glendale, California, United States

DreamWorks Animation SKG, Inc. is a producer of family entertainment through the use of computer-generated (CG) animation. DreamWorks Animation SKG, Inc. was formed in 1994 and is based in Glendale, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Raven Biotechnologies

South San Francisco, California, United States

Raven develops monoclonal antibody therapeutics for cancer. Our clinical pipeline consists of biologically active antibody-based therapeutics targeting unique, validated cell-surface antigens.

Buy -
Buyer

Altpoint Capital Partners

New York, New York, United States

Investor Investor


Category Growth Capital Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Altpoint Capital Partners is a private equity firm focused on making equity investments in established companies with significant potential for growth and profit improvement. Altpoint looks to invest $25 to $150 million in companies valued from $100 to $500 million. Areas of interest include industrial, consumer, business services, financial services, telecommunications, healthcare, and energy. Prospective transaction situations include non-core divestitures, family-run businesses, 'good companies' with overleveraged balance sheets, and restructurings. Altpoint Capital was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 1 of 7
Sector: Infrastructure M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 6
State: North Carolina M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 AmQuip Crane Rental

Trevose, Pennsylvania, United States

AmQuip Crane Rental is a provider of crane rentals and related services with a fleet of approximately 500 cranes. AmQuip Crane Rental is based in Trevose, Pennsylvania.

Buy -