About This Deal

CROWN CASTLE INC. acquired Tower Development Corporation for $461 million, a transaction completed in April 2016, structured as All-cash acquisition; TDC purchased from Berkshire Partners..

Tower Development Corporation operates in Towers, is based in United States and Puerto Rico. Crown Castle acquired Tower Development Corporation ("TDC"), a portfolio company of Berkshire Partners, in an all-cash transaction. TDC owned and operated a portfolio of 336 wireless communications towers across the United States and Puerto Rico with an average tenancy of roughly two tenants per tower. The deal folded these sites into Crown Castle's U.S. tower portfolio.

Added 336 towers with existing tenancy to Crown Castle's U.S. tower portfolio, extending its shared wireless infrastructure footprint.

Deal Terms

Acquirer
CROWN CASTLE INC.
Target
Tower Development Corporation
Value
$461 million
Date
April 2016
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States and Puerto Rico
Segment
Towers
Structure
All-cash acquisition; TDC purchased from Berkshire Partners.
Announced
April 8, 2016
Closed
April 8, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.