Grain Completes

Grain Completes Sale of U.S. Tower Portfolio to American Tower

Grain Management  has completed the sale of its nationwide portfolio of wireless communications assets to American Tower.  Through this transaction, American Tower will acquire approximately 400 towers and other related property interests, comprising one of the largest privately-held wireless portfolios in the U.S.

Grain Completes Sale of U.S. Tower Portfolio to American Tower

Grain, a leading Washington, D.C.-based private equity firm focused on the global communications sector, strategically built this portfolio of tower assets in tier-two and tier-three markets now benefitting from increased carrier activity and network densification.

During Grain’s ownership, the operational and business development initiatives for the sites have been underpinned by the team’s deep industry experience and a disciplined approach to growth and value creation.

David J. Grain, Founder and CEO of Grain Management, commented, “Grain’s strategic objective of assembling a portfolio of significant scale poised for future growth has resulted in a sale that realizes substantial value for our limited partners.  Further, this transition positions the Grain team to continue to focus on other active and potential investments as dynamic market conditions create meaningful opportunities for outperformance.”

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