Capital infusion continues momentum to build next-generation wireless networks
Durham, N.C., June 20, 2019—Eco-Site, a North Carolina-based wireless tower and infrastructure company, announces the drawdown of $35 million in private equity funding to support the continued construction of a significant new build pipeline of towers and small cell sites as carriers prepare for the arrival of 5G.
The drawdown comes from funding previously committed by Atlanta-based MSouth Equity Partners, the same firm responsible for initially funding Eco-Site in 2012. Since then, Eco-Site has built hundreds of towers, becoming one of the largest independent tower operators in the U.S.
“The onset of 5G will usher in a technology shift with decades-long effects. Our financial backing, proven processes and scale have positioned Eco-Site as a well-tailored match to support the needs of an industry in transition,” says Dale Carey, founder and CEO, Eco-Site.