Fengate Asset Management recently announced financial closure on the acquisition of 42 wireless communications towers, located in seven states across the Southeast and Midwest United States, from Atlanta-based Municipal Communications II. Fengate is managing this acquisition on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment fund owned by LiUNA’s Pension Fund of Central and Eastern Canada. This acquisition builds on the multi-year partnership launched in September 2020 between Fengate and tower developer and owner TowerCom LLC.
Rad Lovett, Executive Chairman of TowerCom added, “TowerCom is thrilled to further partner with Fengate to pursue new opportunities within telecommunications infrastructure. This acquisition builds on our strong market presence in the Southeast U.S. while also expanding our footprint further into the Midwest.”
Fengate is an alternative investment manager focused on infrastructure, private equity and real estate strategies investing in infrastructure across North America since 2006.
TowerCom is a Jacksonville, FL-based communications tower developer executing new tower builds on behalf of carrier customers primarily in the Southeast and Southwest.
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