Acquisition provides GTP with over 2,400 new wireless antenna sites across the US.
BOCA RATON, FL, September 8, 2010 - Global Tower Partners ("GTP") today announced the closing of the acquisition of the rooftop management and consulting business of HighPointe Group ("HighPointe"). The HighPointe portfolio will contribute 2,422 new managed and master leased rooftop sites to GTP's nationwide site portfolio. HighPointe, a privately held site management company is the largest site management company in Texas. Founded in 2000, it has a solid track record of success in telecommunications marketing and management for commercial property owners throughout the United States.
"The addition of HighPointe to the GTP family solidifies our position as a leading developer and manager of wireless antenna facilities on structures and rooftops throughout the United States," said Marc C. Ganzi, Chief Executive Officer of Global Tower Partners. "The HighPointe acquisition will also supplement our presence in New York City, Texas, the Southeast and Mid-Atlantic, where many of these strategic rooftop properties are located."
"We are proud of the business we have developed at HighPointe for our clients through the years, and believe that by combining with GTP the joint businesses will be better positioned to serve and grow these assets on behalf of our owners" said Jud Pankey, President, HighPointe Group. Jud also noted, "The transaction with GTP offers our owners continued opportunities for growth by leveraging GTP's resources, access to capital and national scope of carrier contacts throughout the wireless industry." Mr. Pankey will continue to assist GTP in the management and merging of the portfolios.
"The HighPointe portfolio is highly unique and represents a great complement to our core markets by adding many high profile properties along the eastern seaboard" said Alex Gellman, President and Chief Operating Officer, Global Tower Partners. "Furthermore, the additional rooftops will offer our wireless customers a variety of new wireless site solutions throughout the markets to assist them in enhancing their coverage needs."
Following the HighPointe acquisition, GTP will own, manage and master lease over 13,000 sites throughout the United States, including approximately 3,800 owned communications towers. As privately held entities, GTP and HighPointe consider the terms and conditions of the definitive agreements proprietary.
About Global Tower Partners
Global Tower Partners, based in Boca Raton, Florida, is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP controls more than 13,000 wireless sites, including over 3,800 owned towers throughout the United States. GTP's customers are leading wireless communications providers including AT&T Wireless, T-Mobile, Verizon Wireless, Sprint-Nextel, MetroPCS, Leap Wireless, and Clearwire.
For information on HighPointe Group, please contact Jud Pankey at firstname.lastname@example.org or 214-292-3750.