BRADENTON, FL – Wireless communications tower company Tarpon Towers, has received a $15 million investment from Spire Capital Partners to further its acquisition and development strategy.
Andrew J. Armstrong, Jr., managing member at Spire Capital, will join Tarpon’s board.
With ABS Capital, Tarpon has secured over $50 million of equity and also has a $30 million bank facility with a prominent regional bank.
Tarpon owns 85 towers located in 14 states including Florida, North Carolina, Georgia, Mississippi, Texas, Michigan, Connecticut, New York and California. The Company has over 200 new build sites in development and 25 tower sites under letter or purchase agreement throughout the US.
“Significant wireless infrastructure investment will be made by the wireless carriers over the foreseeable future to address increased wireless subscriber usage, specifically as a result from continued wireless substitution as well as the explosion of wireless data usage and the proliferation of bandwidth intensive wireless applications,” said Armstrong.
“Spire believes Tarpon is perfectly positioned to take advantage of this increased investment.”
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Tags: financing, Florida, telecom, wireless towers
