Eco-Site
Builds, owns and operates wireless towers and infrastructure sites in the most desirable areas.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Eco-Site established itself as a developer of wireless communication tower sites and infrastructure, commencing operations in 2012. The company was founded by Dale Carey, Bob Glosson, and Rich Stern, who brought extensive experience from the wireless and real estate sectors to the venture. Dale Carey, who served as CEO, had a background in urban studies and real estate development, coupled with a history of founding and leading other wireless infrastructure companies like Shared Access and NBT Partners LLC.
The firm's primary business was the construction and deployment of wireless infrastructure, offering build-to-suit towers, co-location support, and site location services. This business model was designed to provide wireless carriers with scalable and customized solutions to meet their evolving network requirements, particularly with the advent of 5G technology. Eco-Site's clients were major wireless carriers that needed to expand and densify their networks across the United States. The company generated revenue through long-term lease agreements for the use of its tower assets.
Operating from North Carolina, Eco-Site demonstrated significant growth, backed by private equity firms such as MSouth Equity Partners, which provided an initial investment of $80 million. A key achievement for the company was the construction of over 1,600 new towers in the five years leading up to its acquisition, a rate that positioned it as a major player in the build-to-suit market. This rapid expansion culminated in a strategic merger with Vertical Bridge REIT, LLC in November 2020. The acquisition was a move to increase scale in a competitive wireless sector, combining Eco-Site's development capabilities with Vertical Bridge's extensive portfolio. Following the merger, the Eco-Site founders joined the executive team at Vertical Bridge, continuing their work within the larger organization.
Keywords: wireless infrastructure, communication towers, build-to-suit, telecom real estate, co-location services, network densification, 5G deployment, tower leasing, wireless carriers, infrastructure development