Everest Infrastructure Partners announced the closing of $500 million in new equity capital commitments to support its future growth. Combined with new debt financing and additional financing commitments to its international operations, Everest has recently closed on more than $1 billion in new financing.
“Since our formation in 2015, Everest has built one of the largest and fastest growing wireless infrastructure platforms in the global communications industry,” said Matt Newton, CEO of Everest. “We are executing a unique and proprietary growth strategy that we have proven out over the past two decades. With world-class leadership and equity sponsors supporting our pursuits combined with our high-performance culture, Everest is poised to join the global leadership ranks for 5G Wireless Infrastructure.”
“Everest owns and markets more than 2,500 wireless infrastructure locations in four countries,” said Mike Mackey, President of Everest. “We have developed and scaled one of the world’s most capital-efficient aggregation platforms pursuing the acquisition and development of wireless towers, rooftops, ground leases, indoor DAS, and other communications infrastructure. Everest has been the leading aggregation platform in the U.S. for the past few years and have more recently launched international operations in Australia, New Zealand, and Portugal. With global 5G data traffic expected to increase by 60% annually over the next decade, we expect our growth strategy to continue to lead the market for the foreseeable future.”
“Raising $500 million in new equity capital is a milestone accomplishment for our team,” said Newton. “It is also a tremendous show of support and trust by our best-in-class investors, led by Peppertree Capital Management, who have worked with us for many years. These are still in the very early days of growth for 5G wireless communications, and we are excited to lead the way for many years to come.”
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