January 24, 2021 – TowerNorth Development LLC (“TowerNorth”), a wireless infrastructure developer, announces a new brand identity as part of a recent strategic recapitalization with Audax Private Equity (“Audax”), Stone-Goff Partners (“Stone-Goff”) and Wincove Private Holdings (“Wincove”).
TowerNorth, headquartered in Boston, Massachusetts, owns and operates wireless infrastructure in the U.S., Latin America, and Europe. The business recently launched a new brand identity that speaks to TowerNorth’s day-to-day objectives and alignment with carrier and landlord customers. The recent recapitalization positions the business to scale and support carrier build-to-suit objectives by building and expanding development teams in strategic geographies.
TowerNorth was founded by Josh Delman, Chief Executive Officer, and Bert Stern, Chief Development Officer in 2011 as an affiliated organization to the professional services firm Centerline Communications LLC (“Centerline”). The two firms will be run independently but will maintain a close relationship as the convergence of services and infrastructure within the industry continues. Wincove and Stone-Goff originally invested in Tower North in 2017 and will remain investors in the business alongside Audax and management.
Josh Delman, Founder and CEO of TowerNorth and Centerline, said “We are excited to create this path for TowerNorth as the business continues to grow and expand. The recent investment from Audax and rebranding of TowerNorth are an important step in the continued evolution and independence of the business. We look forward to maximizing new partnerships to better scale to meet our customer objectives, while continuing to leverage the Centerline services platform.”
“We are excited to announce the launch of the new TowerNorth brand identity”, stated Bert Stern, Chief Development Officer of TowerNorth. “With the investment from Audax and continued support from Wincove and Stone-Goff, we look forward to further supporting our carrier customers here in the U.S. and abroad.”
For additional information, please contact TowerNorth at email@example.com.
TowerNorth, a Delaware limited liability company, is a wireless infrastructure developer focused on building out wireless infrastructure for carrier customers. The company was founded in 2012 and currently operates wireless facilities across the United States, Latin America, and Poland. Headquartered in Boston, TowerNorth is an affiliate and development partner of Centerline Communications. For additional information, visit TowerNorth online at www.towernorth.com
About Centerline Communications
Founded by Joshua Delman in 2006, Centerline Communications is a turnkey professional services organization that specializes in the development, operations and maintenance of telecommunications networks and commercial facilities. The company offers nationwide services and is separated into three divisions: Wireless Services, Technical Infrastructure Solutions and Facilities Management. For additional information, visit the Centerline Communications website at: www.centerlinecommunications.com
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: http://www.audaxprivateequity.com
About Wincove Private Holdings
Wincove Private Holdings is an investment company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs, and management teams to build market-leading companies. With offices in Boston and New York, Wincove has a permanent capital base, staying invested in its partner companies for an unlimited time. For more information about Wincove, visit their website www.wincove.com.
About Stone-Goff Partners
Stone-Goff Partners is a private equity firm that invests in lower middle market Technology-Driven Service businesses. The companies we invest in combine service offerings with technology and focus on attractive, defined end-markets. Core verticals include business services, human capital and training, marketing services, consulting services, IT services, consumer services and outsourcing. Stone-Goff invests in founder-owned businesses and corporate carve-outs. www.stonegoff.com