Wednesday, April 17, 2024
HomeDAS & In Building WirelessBridge Crossing: DigitalBridge acquires controlling stake in tower owner Vertical Bridge

Bridge Crossing: DigitalBridge acquires controlling stake in tower owner Vertical Bridge

DigitalBridge Group recently announced that funds affiliated with its investment management platform, DigitalBridge Investment Management, reached an agreement to acquire a controlling stake in Vertical Bridge Holdings, LLC. Vertical Bridge is 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 in a prime position to continue to scale rapidly and capitalize on tower growth opportunities. The growth opportunities are being driven by the significant tailwinds from enhanced data consumption and development of next-generation digital services that underpin investment in 5G networks, as well as digital infrastructure to support IoT (Internet of Things) applications. Vertical Bridge has expanded its portfolio to include more than 308,000 owned or master-leased sites, including more than 8,000 towers across the U.S. since 2014.

“Vertical Bridge is the leading independent tower platform in the U.S., led by the preeminent tower management team in the industry,” Steven Sonnenstein, Senior Managing Director of DigitalBridge Investment Management said in a statement. “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.

Well Positioned

“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,” Vertical Bridge CEO Alex Gellman said in a release. “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.”

Joe Dyton can be reached at

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