Meritage Group and TowerPoint Capital Recapitalize Wireless Infrastructure Platform and Announce Formation of TowerPoint Infrastructure Partners
- Editor
- Feb 19
- 2 min read
Whats Happening:
Meritage Group and TowerPoint Capital have recapitalized their portfolio of wireless infrastructure assets into a newly formed, open-ended vehicle called TowerPoint Infrastructure Partners LLC. The transaction, which closed in December 2024, creates a leading U.S. wireless infrastructure platform that owns and operates one of the largest privately-held portfolios of macro cell towers, rooftops, and land cell sites across the United States.
Key Moves:
Formation of TowerPoint Infrastructure Partners LLC
Recapitalization of wireless infrastructure assets portfolio
Expansion of business capabilities in operating and acquiring mission-critical real estate
By The Numbers:
Meritage Group has assets under management in excess of $13 billion as of January 1, 2025
The transaction closed in December 2024
Meritage Group has approximately 55 employees in offices located in Greenwich, New York City, and San Francisco
Key Quotes:
"We have achieved significant growth and enhanced the operational capabilities of this business over the last six years. This transaction underscores our commitment to continuing to build the premier wireless infrastructure platform in the United States," - Jared Halperin, Head of Real Estate at Meritage Group
"This transaction represents a significant achievement for our team and expands our business capabilities with respect to operating and acquiring mission-critical real estate in strategically defensive locations across the United States." - Jesse Wellner, CEO of TowerPoint Capital
Bottom Line:
The formation of TowerPoint Infrastructure Partners represents a significant development in the U.S. wireless infrastructure sector. By recapitalizing their existing portfolio into this new entity, Meritage Group and TowerPoint Capital are positioning themselves to capitalize on the growing demand for advanced wireless connectivity. This move could potentially reshape the landscape of privately-held wireless infrastructure assets in the United States.
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