New round of capital to support Eco-Site’s growth as wireless carriers continue to build out network infrastructure
Durham, N.C., March 1, 2017—Eco-Site, a North Carolina-based wireless tower and densification solutions company, announces a $50 million investment from funds managed by Guggenheim Partners, with Guggenheim Corporate Funding, LLC acting as administrative agent and lead arranger.
The funds are available to support Eco-Site’s continued growth as the company continues to successfully complete infrastructure solutions for major US telecom carriers. Eco-Site’s model of building, owning and operating wireless infrastructure in the most desirable areas delivers customized, scalable solutions carriers need as they invest in network coverage, capacity and 5G capability.
“We’ve been able to expand at an exceptional pace over the past four years, which is a testament to the strength of our model and team,” says Dale Carey, founder and CEO, Eco-Site. “We operate hundreds of sites across 37 states and the investment from Guggenheim helps us continue to scale at a rapid pace.”
“The wireless infrastructure space is an attractive market with high growth potential, and Eco-Site has a proven track record of delivering innovative solutions to carriers,” says Matt Settle, director, Guggenheim Partners. “We look forward to supporting Eco-Site as they continue their exceptional growth path.”
Eco-Site offers superior real estate solutions for wireless network densification. Founded in 2012 by wireless industry executives with over 150 years of combined carrier and infrastructure experience, we address the problem of network densification head on. With access to millions of available parcels—along with tens of thousands of retail properties— we provide carriers customized, scalable results to meet their ever-changing network needs. We build, own and operate wireless infrastructure sites in the most desirable areas.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with more than $260 billion1 in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With more than 2,300 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity.
1Assets under management are as of 12.31.2016 and include consulting services for clients whose assets are valued at approximately $63bn.