Funds affiliated with DigitalBridge Group’s investment management platform have agreed to acquire a controlling stake in Vertical Bridge Holdings, the largest private owner and operator of wireless communications infrastructure in the United States.
“Significant acceleration in 5G infrastructure spending in the U.S has created a tremendous long-term growth opportunity for telecommunications infrastructure and demonstrated that investments to support the next generation of mobility continue to be a powerful thematic,” said Steven Sonnenstein, senior managing director of DigitalBridge Investment Management.
Vertical Bridge has expanded its portfolio to include more than 308,000 owned or master-leased sites, including more than 8,000 communications towers across the United States, since its inception in 2014.
Alex Gellman, CEO of Vertical Bridge, said the financial commitment positions Vertical Bridge to meet the rising demand for infrastructure solutions in