Vertical Bridge has completed a $3.3 billion transaction with Verizon Communications, securing the exclusive rights to lease, operate, and manage over 6,300 wireless communications towers across the United States. The agreement covers all 50 states and involves towers owned by Verizon subsidiaries, expanding Vertical Bridge’s presence in the U.S. communications infrastructure market.
The deal positions Vertical Bridge to provide expanded tower leasing options, particularly in under-tenanted and hard-to-site locations. This acquisition adds to the company’s existing portfolio of more than 500,000 sites, including over 17,000 owned and master-leased towers. Vertical Bridge, founded in 2014 and headquartered in Boca Raton, Florida, offers build-to-suit and colocation services for the wireless industry and has been carbon-neutral certified since 2020.
Centerview Partners advised Vertical Bridge on the transaction, while Greenberg Traurig served as legal counsel. Verizon was represented by J.P. Morgan as financial advisor and Jones Day as legal counsel.
• Transaction value: $3.3 billion
• Number of towers acquired: 6,300
• Locations: All 50 U.S. states
• Existing Vertical Bridge portfolio: 500,000+ sites, 17,000+ towers
• Legal and financial advisors: Centerview Partners, Greenberg Traurig (for Vertical Bridge); J.P. Morgan, Jones Day (for Verizon)
Ron Bizick, President and CEO of Vertical Bridge, stated:
“The close of this transaction marks a transformative milestone for Vertical Bridge, solidifying us as the partner of choice in the U.S. communications infrastructure industry. These under-tenanted towers, many in hard-to-site locations, uniquely position us to expand vertical real estate solutions to our customers.”
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