ENTERPRISE MOBILITY

DigitalBridge Investment Management To Acquire Controlling Stake In Digital Infrastructure Leader Vertical Bridge

DigitalBridge | August 11, 2021

DigitalBridge Group. Inc  today announced that funds affiliated with DigitalBridge Investment Management, the Company’s investment management platform, have reached a definitive agreement to acquire a controlling stake in Vertical Bridge Holdings, LLC, the largest private owner and operator of wireless communications infrastructure in the United States.

As the operator of the largest independent tower platform in the U.S., Vertical Bridge is positioned to continue scaling rapidly, capitalizing on tower market growth opportunities driven by the strong tailwinds from enhanced data consumption and development of next-generation digital services that underpin investment in 5G networks and digital infrastructure to support IoT applications. Since its founding in 2014, Vertical Bridge has expanded its portfolio to include over 308,000 owned or master-leased sites, including over 8,000 towers across the U.S.

“Vertical Bridge is the leading independent tower platform in the U.S., led by the preeminent tower management team in the industry,” said Steven Sonnenstein, Senior Managing Director of DigitalBridge Investment Management. “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. By consolidating Vertical Bridge’s ownership via our fund management business, we will not only extend our long-standing relationship, but we will be even better positioned to support the Vertical Bridge team as they build on their market leadership and capitalize on exciting growth opportunities.”

“We have experienced significant, industry-leading growth at Vertical Bridge since our inception, scaling our platform to meet the evolving needs of our customers,” said Alex Gellman, Chief Executive Officer of Vertical Bridge. “This financial commitment not only positions Vertical Bridge to meet the rising demand for infrastructure solutions in light of new technologies, but also accelerates the substantial organic and inorganic growth opportunities available to us in this dynamic market. We look forward to continuing to work with the DigitalBridge team as we expand our asset portfolio to become a stronger and more agile partner serving the U.S. wireless and broadcast markets.”

About DigitalBridge
DigitalBridge is a leading global digital infrastructure REIT. With a heritage of over 25 years of investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge is headquartered in Boca Raton with key offices in Los Angeles, New York, London, and Singapore.

About Vertical Bridge
Vertical Bridge REIT, LLC is the largest private owner and operator of communications infrastructure and locations in the United States. The Company owns, operates and master leases over 308,000 tower, rooftop, billboard, utility attachment, convenience store and other site locations in support of wireless network deployments. Based in Boca Raton, Florida, Vertical Bridge was founded in 2014. The senior management team at Vertical Bridge has over 300 years of collective experience in tower infrastructure and related sectors. In 2020, Vertical Bridge added over 1,300 owned towers to its portfolio, including those from its acquisition of towers from Cumulus Media Inc. 

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MOBILE INFRASTRUCTURE

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Mobilitie | May 13, 2022

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DATA CENTER NETWORKING

EarthCam Selects Sierra Wireless AirLink XR80 5G for World’s First Multi-Network 5G Camera System

Sierra Wireless | June 22, 2022

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MOBILE INFRASTRUCTURE

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Nokia | March 29, 2022

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UNIFIED COMMUNICATIONS

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VIAVI Solutions | December 22, 2021

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