InSite Capitalizes on Growth

InSite Wireless Group, one of the largest privately owned tower and wireless infrastructure companies in the U.S., has acquired specific DAS and telecommunications assets of Capital Tower Group. InSite has also appointed Richard Grimes, former Chief Executive and Co-Founder of Capital Tower Group, as its Chief Operating Officer of DAS and Small Cells Group. “We looked closely at the quality of leadership at CTG, as well as their deal portfolio, and it made sound business and strategic sense to reach out in an effort to bring both of those assets into our growing company,” said David E. Weisman, President and CEO of InSite. “This acquisition avails us of a top-tier senior executive in Rich Grimes, whose knowledge and reputation in the wireless infrastructure industry is excellent and well known. It also adds several DAS locations to InSite’s existing portfolio, along with an immediate influx of new business opportunities.” Grimes will be based out of InSite’s Western Region office in Pasadena, California, as well as operate out of their headquarters in Alexandria, Virginia. “It’s rarely an easy decision to give up the autonomy of having one’s own business, but when a company with the reputation and industry weight of InSite looked to combine interests, it presented a very compelling opportunity,” said Grimes. “I’m excited to enter into this new challenge of leading InSite’s DAS operations, as well as contributing to their small cells strategy. It’s very motivating to join a team that has been providing industry-leading wireless infrastructure services to both new and existing strategic venues throughout the United States.”