Ridgemont Equity buys Cortel, TowerCom Tech
Ridgemont Equity Partners said Thursday it has acquired Cortel Inc and TowerCom Technologies LLC. Financial terms weren’t announced. Both Cortel and TowerCom provide wireless deployment services throughout the western United States. Ridgemont said it formed J5 Infrastructure Partners, created through the combination of Cortel and TowerCom, to perform site acquisition, leasing, permitting, zoning, structural engineering, utility coordination and equipment installation services directly to all four of the top wireless carriers in the U.S. SR Capital Advisors is a coinvestor. SunTrust Robinson Humphrey and provided by SunTrust Bank, MUFG Union Bank N.A. and U.S. Bank provided debt financing. Alston & Bird LLP were Ridgemont’s attorney.
7 January 2016•4 mins read
