TowerNorth growth capital will support the company’s continued expansion across the U.S. wireless infrastructure market. TowerNorth is an independent developer, owner, and operator of mission critical wireless infrastructure. The company announced additional growth capital from Berkshire Partners. It also closed a new debt facility. The additional capital gives TowerNorth greater financial flexibility. It will also support the company’s expansion as wireless connectivity demand continues to rise.
Investment in communications infrastructure driven by the need for more network capacity. So, TowerNorth will distribute the capital over several growth opportunities. These include build to suit development and strategic tower development. It will also seek partnerships with developers and selective acquisitions. Berkshire Partners’ investment in September 2023 has seen TowerNorth grow substantially. At that time, the company had 64 towers.
Today, TowerNorth operates 231 towers across its portfolio. The company has also expanded its development capabilities during this period. In addition, TowerNorth has strengthened relationships with major wireless carriers. The company continues to develop its pipeline of tower and colocation opportunities. TowerNorth has also acquired strategically positioned assets to support its growth strategy. Since the beginning of 2026, the company has acquired 28 towers.
“TowerNorth has always been focused on disciplined development and being a dependable partner to our customers,” said Bert Stern, Chief Executive Officer of TowerNorth. “The additional capital gives us greater flexibility to continue executing our strategy, investing in our platform and supporting carriers as their networks and capacity needs evolve. We value Berkshire’s continued support and the industry experience they bring to our partnership.”
TowerNorth Expands Wireless Infrastructure Platform
TowerNorth continues to build its presence across the wireless infrastructure sector. Its growth strategy combines development, partnerships, and targeted acquisitions. The company focuses on infrastructure that supports wireless carriers and evolving network requirements. As a result, TowerNorth continues to identify opportunities across its operating markets.
Founded in 2012, TowerNorth has deep experience in wireless infrastructure development. The company also leverages local development teams within its markets. TowerNorth also works with a number of companies developing communications sites. Such groups include wireless carriers, property owners, municipalities and other partners.
The company helps to manage complex development requirements for new communications sites. It also manages permitting and construction needs throughout the development process. This approach allows TowerNorth to support projects from development to construction. It also helps the company to address evolving demands across the wireless infrastructure market. This operating model is further underpinned by the new growth capital provided by TowerNorth. This also supports the company’s strategy for further growth and expansion.
Berkshire Partners Continues TowerNorth Investment
Berkshire Partners has continued to support TowerNorth as the company expands its platform. The latest investment adds further capital to the partnership. Drew Walker, Managing Director at Berkshire Partners, highlighted TowerNorth’s position within digital infrastructure.
“TowerNorth is a strong example of what we look for in digital infrastructure: mission-critical assets, compelling long-term demand fundamentals and a management team with the expertise and discipline to build at scale,” said Drew Walker, Managing Director at Berkshire Partners. “Since our initial investment, Bert and his team have meaningfully expanded the platform while maintaining a rigorous, engineering-led approach to development. We are pleased to invest additional capital in TowerNorth and to continue supporting its next phase of growth.”
Berkshire Partners has extensive experience across the digital infrastructure ecosystem. Its investment history includes wireless towers, fiber, data centers, and related technology infrastructure. The firm brings both investment and operating experience across communications infrastructure platforms. This experience supports its ongoing relationship with TowerNorth.
Meanwhile, TowerNorth will continue focusing on infrastructure development and strategic expansion. The company expects its additional capital to support several avenues for future growth. The new debt facility also provides additional financial resources for the business. However, the companies did not disclose the financial terms of the transactions.
Legal advisors were Kirkland & Ellis LLP and Croke Fairchild Duarte & Beres LLC. Financial Advisor: Guggenheim Securities LLC As network needs evolve, TowerNorth will continue to build out wireless infrastructure. The company’s expanded tower portfolio offers a broader platform for future development. The combination of debt and additional capital increases the company’s financial flexibility. It also supports ongoing investment in towers, development opportunities and strategic acquisitions.
Infrastructure providers stay critical to the network build-out as wireless carriers continue to expand their networks. TowerNorth anticipates it will continue to work with carriers and other partners as the market continues to evolve. The company’s recent tower growth and development activity also reflects its broader expansion strategy. TowerNorth will have added financial resources to pursue opportunities across U.S. communications infrastructure.
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News Source: Businesswire.com
