- Acquisitions marks tenth transaction in less than three months
- Industry veteran Jim McCulloch to lead real estate division
Boca Raton, FL., August, 2014 – Vertical Bridge Holdings, LLC., a privately owned tower company in the U.S., today announced that it has completed its acquisition of four tower portfolios. The portfolios further strengthen Vertical Bridge’s footprint in key regions of the Eastern United States.
“We are pleased to announce another acquisition of tower portfolios,” said Alexander L. Gellman, CEO and Co-Founder, Vertical Bridge. “The Eastern U.S. is an attractive market for towers given its heavily congested metropolitan areas and the need for cell site densification. We have acquired four more portfolios of strategically located towers. We expect to continue to build upon this acquisition momentum and see a number of opportunities as we continue to pursue strategic portfolio acquisitions,” said Mr. Gellman.
Vertical Bridge now owns or has exclusive leasing rights to 320 towers and rooftops across the U.S.
Vertical Bridge also announced today the appointment of telecom industry veteran, Jim McCulloch, who has joined Vertical Bridge as Vice President of its Real Estate division. In this role, Mr. McCullough will lead the development and expansion of Vertical Bridge’s real estate portfolio. With over 20 years of experience, Mr. McCulloch has enjoyed a successful career in telecommunications and technology. Mr. McCulloch was most recently at Global Tower Partners (GTP), where he served as the Vice President of Real Estate responsible for GTP’s Real Estate Department. In that role he helped to develop GTP’s real estate portfolio, and expand existing landlord relationships. Prior to GTP, he was a partner in DGP Development, a leading provider of Distributed Antenna Systems (DAS) to hotels and sports stadiums. Mr. McCulloch previously served as Vice President of Information Technology for Destination Hotels and Resorts.
“We are delighted that an experienced executive such as Jim has joined our team to lead our real estate division, which is a key focus area of our business strategy and growth at Vertical Bridge,” added Mr. Gellman.
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.