Centerline Communications Completes Add-On Acquisition of Tower Resource Management
RAYNHAM, Mass., March 22, 2018 – Centerline Communications, LLC (“Centerline” or the “Company”) announced today that it has acquired Tower Resource Management, LLC (“TRM”).
Headquartered in Foxboro, Mass., with additional offices in Hanover, Md., and Hudson, N.H., TRM is a provider of telecommunications infrastructure services in New England and the Baltimore-Washington region. Its service offerings include site acquisition, line & antenna construction, small cell and DAS deployments, electrical services and fiber networking.
The transaction further diversifies Centerline’s service offering, and is consistent with its strategy to be a true turnkey service provider to the telecommunications industry. The addition of TRM will enable Centerline to better serve its customers through an expanded geographic reach and deepened technical expertise. TRM President Sean Carr will join the Centerline senior management team.
Josh Delman, founder and CEO of Centerline, stated “we are excited to welcome TRM to the Centerline team, and are thrilled about the many benefits that this transaction and combined services platform will provide to our customers and employees.”
Centerline completed an equity recapitalization in August 2017 whereby Wincove Private Holdings, LP and Stone-Goff Partners became meaningful equity owners of the business, alongside Mr. Delman. Centerline continues to aggressively seek strategic acquisitions.
The companies did not disclose financial terms.
The shareholders of Centerline also operate an affiliated tower development business, TowerNorth Development LLC, which is also considering acquisition opportunities.
About Centerline Communications, LLC
Centerline provides turnkey wireless telecommunications infrastructure services to carriers, equipment suppliers, and tower operators. Services include project management and real estate services, outsourced maintenance services for HVAC and generator units at wireless sites, and general construction services including installation and equipment modification. Centerline provides services across the U.S., with a particularly strong presence in the Northeast and Mid-Atlantic markets. For more information about Centerline, please visit www.centerlinecommunications.com.
About Stone-Goff Partners
With offices in New York and Boston, Stone-Goff Partners is a private equity investment firm that acquires and builds companies in the lower middle market. Founded in 2010, the firm leverages the extensive investment, strategic and operational experience of its principals in the consumer and business services sectors to serve as a value-added partner for its management teams, portfolio companies and limited partners. For more information about Stone-Goff, please visit www.stonegoff.com.
About Wincove Private Holdings, LP
Wincove Private Holdings is an investment holding 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, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information about Wincove, please visit www.wincove.com.