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Horvath Towers Closes New Equity Financing by Peppertree Capital
SOUTH BEND, IN and CLEVELAND, OH -- Horvath Towers, LLC, a leading wireless communication tower developer, announced today that Peppertree Capital Fund, LP has increased its equity commitment from $8 million to $18 million.
Horvath Towers, based in South Bend, Indiana, develops, owns and operates communication towers for wireless carriers throughout the United States. Horvath Towers has already built over 60 sites since first partnering with Peppertree Capital in April, 2007, and has a substantial pipeline of sites in development.
Jackie Horvath, the Company’s founder and CEO, said, “We will use this growth capital to continue providing wireless carriers with the most reliable site development services as they improve coverage and capacity for their customers. We are delighted to have a knowledgeable and straightforward partner like Peppertree Capital.”
Howard Mandel, President and Managing Director of Peppertree Capital, said, "We continually evaluate new investment prospects in wireless infrastructure; therefore, I can say without hesitation that no better opportunity exists today than expanding our relationship with Jackie Horvath and her team. They are simply some of the best in the business at getting sites in the air.”
About Horvath Towers, LLC
Horvath Towers, LLC was formed in partnership with Peppertree Capital in 2007. Jackie Horvath, the CEO of Horvath Towers, originally established Horvath Communications, Inc. (HCI) in 1996. Since the company’s inception, HCI has grown from owning just a couple of towers in northern Indiana to owning and developing tower sites throughout the United States. These towers are consistently rated among the highest for occupancy in their respective regions. For more information, visit www.horvathcommunications.com.
About Peppertree Capital
Peppertree Capital Fund, LP is a private equity fund focused on growth equity and buyout opportunities in the telecommunications, media and recurring services industries. Companies the firm has backed include Light Towers LLC; 4G Towers, LLC; Pegasus Tower Development Company, LLC; Crossroads Media, LLC; Trumper Communications III, LLC; TMW Systems, Inc.; On-Site Fuel Service, Inc.; and Carpathia Financial Services, LLC. Peppertree Capital is based in Cleveland, OH and has an office in Dallas, TX. For more information, visit: www.peppertreecapital.com.
Contact: Jackie, Sean, Jennifer
Phone: (574) 237-0464
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