Skyway Towers' Investors Increase Total Equity Commitment by an Additional $75 Million
January 20, 2013 – Skyway Towers, LLC ("Skyway"), a leading wireless communications tower developer, announced today that its investors, Tinicum L.P. ("Tinicum") and Permit Capital Private Equity Fund, L.P. ("Permit"), have made a $75 million equity commitment to the company to be used to continue Skyway's development of high quality wireless communications towers in strategic locations.
Skyway's Chief Development Officer Eric P. Bondurant stated, "We are pleased to have obtained the ongoing support of our investors. 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."
Trip Zedlitz, a partner at Tinicum, said, "Due to excellent stewardship by senior management, outstanding employee performance at all levels, and a truly customer-centric culture, the Skyway team has achieved substantial success in the marketplace. We are pleased with our investment to date and look forward to continuing our relationship for many years into the future."
About Skyway Towers, LLC
Skyway Towers, based in Tampa, Florida and founded by a management team with roots in the wireless carrier industry, develops wireless communications towers throughout the United States. Skyway is consistently recognized by its customers as the most responsive and streamlined tower company in the market place. The company understands the technical and time-sensitive nature of its customers' needs and strives to exceed expectations. For more information, visit www.skywaytowers.com.