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Guggenheim Partners Investment Management Provides $50MM to Eco-Site

March 03, 2017, 07:20 AM
Filed Under: Telecom

Eco-Site, Inc., a North Carolina-based wireless tower and densification solutions company, announced a $50 million investment from funds managed by Guggenheim Partners, with Guggenheim Corporate Funding, LLC acting as administrative agent and lead arranger.

The funds are available to support Eco-Site's continued growth as the company continues to successfully complete infrastructure solutions for major US telecom carriers. Eco-Site's model of building, owning and operating wireless infrastructure in the most desirable areas delivers customized, scalable solutions carriers need as they invest in network coverage, capacity and 5G capability.

"We've been able to expand at an exceptional pace over the past four years, which is a testament to the strength of our model and team," says Dale Carey, founder and CEO, Eco-Site. "We operate hundreds of sites across 37 states and the investment from Guggenheim helps us continue to scale at a rapid pace."

"The wireless infrastructure space is an attractive market with high growth potential, and Eco-Site has a proven track record of delivering innovative solutions to carriers," says Matt Settle, director, Guggenheim Partners. "We look forward to supporting Eco-Site as they continue their exceptional growth path."

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