Add-on Acquisition • Communications

Uniti Group Acquires Tower Cloud

On June 20, 2016, Uniti Group acquired communications company Tower Cloud for 230M USD

Acquisition Context
  • This is Uniti Group’s 1st transaction in the Communications sector.
  • This is Uniti Group’s 3rd largest (disclosed) transaction.
  • This is Uniti Group’s 2nd transaction in the United States.
  • This is Uniti Group’s 1st transaction in Florida.

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M&A Deal Summary

Date June 20, 2016
Target Tower Cloud
Sector Communications
Buyer(s) Uniti Group
Deal Type Add-on Acquisition
Deal Value 230M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Hanson Bridgett (Legal)

Target Company

Tower Cloud

St. Petersburg, Florida, United States
Tower Cloud, Inc. is a provider of telecom backhaul services to wireless carriers. The company builds and operates fiber optic and wireless networks to connect cellular towers to the wireless carriers’ mobile switching centers.
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Buyer Overview 1

Buyer

Uniti Group

Little Rock, Arizona, United States

Category Company
Sector Real Estate
Employees758
Revenue 1.2B USD (2024)
DESCRIPTION
Uniti's headquarters in Little Rock, Arkansas.
Uniti's headquarters in Little Rock, Arkansas.

Uniti Group is a real estate investment trust engaged in the acquisition and construction of mission-critical infrastructure in the communications industry. Uniti Group is based in Little Rock, Arizona.


Deal Context for Buyer #
Overall 2 of 4
Sector: Communications 1 of 3
Type: Add-on Acquisition 2 of 4
State: Florida 1 of 2
Country: United States 2 of 4
Year: 2016 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 PEG Bandwidth

Dallas, Texas, United States

PEG Bandwidth LLC is a provider of infrastructure solutions including cell site backhaul and dark fiber for telecom carriers and enterprises.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Nms

Aventura, Florida, United States

Nms Ltd. (Network Management Services) is an independent owner and operator of broadcast telecommunications towers and other real estates in Colombia, Mexico, and Nicaragua. Network Management Services was founded in 2011 and is based in Aventura, Florida.

Buy -