Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., just got even taller in the tower world. The Boca Raton behemoth has purchased more than 100 tower sites and nearly 200 towers as part of the mega acquisition by Alpha Media of Digity, LLC that closed last week. Vertical Bridge adds 64 Alpha Media sites along with 49 former Digity sites to its vast collection, upping its portfolio to more than 42,000 towers, rooftop locations, billboards, utility infrastructure and other site locations that it owns, operates or manages. The company also noted that the deal “significantly” expands its geographic presence in key markets across the U.S.
“We are thrilled to partner with Larry Wilson and Alpha Media, which owns and operates an admirable portfolio of assets in prime locations across top markets,” said Alex Gellman, Chief Executive Officer of Vertical Bridge. “It would be challenging to site these towers today, and we feel fortunate to expand our portfolio into these areas and further strengthen Vertical Bridge’s offering to our partners. Since these towers have not yet been marketed to wireless carriers, they offer attractive new collocation opportunities. Our broadcast partners will also benefit from the height of these towers as they will provide good relocation options relative to the 600MHz auction repacking process.”
Alpha Media Chairman, Larry Wilson commented on the announcement, “We could not have done this without the hard work and determination from the great team at Vertical Bridge. We’re proud to call them a partner of the Alpha Media family.”
Inside Towers co-publisher George Reed of Media Services Group represented Alpha Media in both deals. Financial terms of the deal were not disclosed. The tower sale was also settled last week.