About TowerCo
TowerCo is a Telecommunications company based in Cary (United States) founded in 2004, and was acquired by Ontario Teachers' Pension Plan in July 2022. Independent tower company. TowerCo has completed 1 acquisition, including Atis. TowerCo offers products and services including Colocation and Build-to-Suit. Its focus areas include Telecom and Telecom Infrastructure. Its legal entity is TowerCo, Inc.
Company details
TowerCo was founded in 2004 and is headquartered in Cary, United States. Operations focus on the telecommunications sector, where colocation, relocation, and build-to-suit services for wireless towers are managed. Reconfiguration and fiber installation are handled, along with applications for colocation involving entities like CSpire. More than 3200 towers are operated across the United States.
- Headquarters Cary, United States
- Stage Acquired
- SectorsTelecommunications
- Website towerco.com
- Social LinkedIn X
- Acquired by Ontario Teachers' Pension Plan (Jul 2022)
- Legal Name Towerco, Inc
- Latest Funding Round$40M (USD), Debt – Conventional
Mar 2024
- InvestorsTailwind Capital
& 5 more
- Investments & Acquisitions
- Acquired by
Products & Services of TowerCo
TowerCo offers a comprehensive portfolio of products and services, including Colocation and Build-to-Suit.
Space on towers is provided by TowerCo for wireless equipment, ensuring reliable infrastructure that aligns with tenant needs
New tower structures are designed and constructed by TowerCo to meet specific wireless network requirements of tenants
Funding Insights of TowerCo
- Total Rounds 3
- Last Round Debt – Conventional — $40M
- First Round $35M
(Aug 2005)
- Investors Count 4
All 3 funding rounds of TowerCo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $40M | Debt – Conventional | – | – | |
| Jan 2006 | Seed | – | – | ||
| Aug 2005 | $35M | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in TowerCo
TowerCo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tailwind Capital, European Investment Bank and Abertis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Finance and advisory services for infrastructure projects are provided. | 1958 | eib.org | Luxembourg, Luxembourg | |
PE firm investing in the US | 2003 | tailwind.com | New York, United States | |
Environmental development investments are managed by this government agency. | 1992 | edfi.eu | Brussels, Belgium | |
Commercial bank | 2000 | capitalsource.com | Los Angeles, United States | |
Pension funds focused on multiple sectors | 1990 | otpp.com | Toronto, Canada | |
Conglomerate company | 2003 | abertis.com | Barcelona, Spain |
Investor details for TowerCo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by TowerCo
TowerCo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Atis.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Telecommunications infrastructure is built and leased by Atis Group. | atis-group.com | Buenos Aires, Argentina | 2017 | Jul 2022 | •••• |
Complete acquisition details for TowerCo
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of TowerCo
6 dated milestones of TowerCo across 20 years, from founding to its latest funding, stage changes and deals.
- Founded TowerCo is founded.
- Funding First funding round of $35.0M.
- Exit Acquired by Abertis.
- Exit Acquired by Ontario Teachers' Pension Plan.
- Acquisition Acquires Atis.
- Funding Latest funding round, Debt – Conventional, of $40.0M.
Web traffic of TowerCo
The website of TowerCo (towerco.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 8.9% vs previous month
Websites whose visitors overlap most with TowerCo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| diamondcomm.com | 100% | 3.3K | #4,969,698 | View details | |
daughtreylaw.com | daughtreylaw.com | 97% | #3,370,707 | – | |
| steelintheair.com | 96% | #1,878,945 | View details |
Top companies in Telecom Infrastructure
3 companies that operate in the same segment as TowerCo (Telecom Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cables and components for telecommunication infrastructure are supplied. | 1902 | St. Louis, Missouri, United States | USD 2.72 B | 7,500 | ||
Hardware and software solutions for telecommunications are provided by Nokia. | 1865 | United States | USD 23.37 B | |||
Communications infrastructure is owned, operated, and leased to carriers. | 2014 | Boca Raton, Florida, United States | USD 730 M |
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Frequently Asked Questions about TowerCo
TowerCo was founded in 2004 and raised its 1st funding round 1 year after it was founded.
TowerCo is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
TowerCo was founded in 2004 and is headquartered in Cary, United States. Operations focus on the telecommunications sector, where colocation, relocation, and build-to-suit services for wireless towers are managed. Reconfiguration and fiber installation are handled, along with applications for colocation involving entities like CSpire. More than 3200 towers are operated across the United States.
TowerCo offers Colocation and Build-to-Suit.
TowerCo has made 1 acquisition, including Atis.
TowerCo has 6 investors. Key investors include Tailwind Capital, European Investment Bank, Abertis, European Development Finance Institutions, and CapitalSource.
TowerCo operates through Towerco, Inc.
Yes. TowerCo was acquired by Ontario Teachers' Pension Plan in July 2022.