Blue Sky Towers announces increase in Equity and Debt Commitment by Peppertree Capital Management to $320 Million
BOSTON, Massachusetts. February 1, 2021 – Peppertree Capital Management and the management of Blue Sky Towers, LLC are pleased to announce that Peppertree and their affiliates have increased their funding commitment to Blue Sky Towers from $120 million to $320 million.
Blue Sky Towers, LLC (“Blue Sky”) was formed in 2014 to acquire, develop, and manage wireless infrastructure throughout the United States and Puerto Rico. Led by Jim Rech, President & CEO, Blue Sky has deployed over $120 million of capital in the sector over the past few years. Due to Blue Sky’s success in executing on its business plan, Peppertree is now increasing Blue Sky’s funding by $200 million.
President & CEO of Blue Sky, Jim Rech, notes “We are excited to continue our partnership with Peppertree as Blue Sky positions itself for the critical and unprecedented growth of 5G. This will provide continued support to our clients and their need for more wireless infrastructure.”
With assets throughout the United States and Caribbean, Blue Sky continues to expand its wireless infrastructure platform. Currently, Blue Sky has over 1,000 owned and managed wireless communication infrastructure sites throughout the United States and Puerto Rico.
About Blue Sky Towers, LLC
Founded in 2014, Blue Sky Towers, LLC is focused on the acquisition, development and management of wireless communication infrastructure. Blue Sky has over 1,000 owned and managed sites throughout the United States and Puerto Rico.
Blue Sky is based in North Reading (Boston), Massachusetts.
About Peppertree Capital
Peppertree Capital Management, Inc. is a private equity firm focused on making investments in growing communication infrastructure companies, both in the United States and internationally. Areas of interest include towers, fiber, DAS, spectrum, small cells and real estate related to its areas of focus. Peppertree was formed in 2004 and is currently investing out of its eighth equity fund and an evergreen debt fund. Peppertree has more than $2B under management and has made more than 100 investments in communication infrastructure companies in 10 countries. For more information, visit www.peppertreecapital.com.
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