Premier locations with investment-grade carrier tenants
Boca Raton, FL., September 5, 2014 – Vertical Bridge Holdings, LLC, a privately owned tower company, today announced that it has completed its acquisition of 269 investment grade tenant leases on 205 wireless attachment sites in the Southeast U.S. from PT Access Networks (“PTAN”), an affiliate of Duke Energy. All of the acquired leases are with major wireless carriers with long term leases.
“We welcome the opportunity to work with Duke and PTAN again,” said Alexander L. Gellman, President of Vertical Bridge. “This latest transaction further solidifies our long-standing relationship.”
Under the deal, PTAN will continue to manage the sites where the leases are being acquired – providing Vertical Bridge and its carrier customers with maintenance and other site services. “We are very pleased to be working with Vertical Bridge on this portion of our wireless site portfolio,” said Joe Stockwell, President of PTAN. “Together, PTAN and Vertical Bridge will continue to provide our carrier customers with excellent service on the acquired sites.”
About Vertical Bridge Holdings, LLC.
Vertical Bridge Holdings is a privately-owned tower company in the US headquartered in Boca Raton, Florida. The company focuses on owning, operating, and managing telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners. For more information please visit www.verticalbridge.com or call: Traci Clancy at 561-948-6367.
About Digital Bridge Holdings, LLC.
Digital Bridge Holdings, is a communications infrastructure platform based in Boca Raton, Florida. It was formed in 2013 through a partnership between Ben Jenkins (formerly of The Blackstone Group) and Marc Ganzi (former founder and CEO of Global Tower Partners). Digital Bridge owns interests in a broad range of communications infrastructure companies. It is dedicated to long-term value creation through the active management of its companies and strong alignment with its investor partners. Digital Bridge manages investments on behalf of institutional, corporate, endowment and family offices around the world. More information may be found at www.digitalbridgellc.com.
About PT Access Networks
PT Access Networks is a tower company operated as a joint venture by Duke Energy Inc. and Palo Alto, California based Odyssey Management Capital (“Odyssey”). PTAN is headquartered in St Petersburg, Florida and has over 18 years experience developing, owning, and operating wireless telecommunications sites collocated on utility-owned infrastructure. It is the largest utility-based tower operator in the southeast U.S with a collocation footprint including over 100,000 utility-owned structures throughout Florida, North Carolina, and South Carolina. For more information please visit www.ptaccess.net.