Skyway Towers has secured an additional $75 million from its investors. Tinicum and Permit Capital Private Equity Fund made the commitment to continue development of Tampa-based Skyway’s wireless communication towers in strategic locations.
“This capital allows us to continue our mission of offering the highest quality customer service with unparalleled speed to market for our national wireless carrier partners,” said Eric P. Bondurant, Skyway’s chief development officer.
Trip Zedlitz, a partner at Tinicum, said that Skyway’s management and employee performance led to the company’s “substantial success” in the tower market.
“We are pleased with our investment to date and look forward to continuing our relationship for many years into the future,” he said.
Founded in 2005 by former telecom industry professionals, Skyway owns more than 250 towers across the United States. The equity commitment from Tinicum and Permit follows a $65 million investment from Goldman Sachs in 2011.
