K2 Towers
K2 towers acquires wireless communication towers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$22.0m | Late VC | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Established in 2009, K2 Towers, LLC operates as a consolidator and operator of wireless communication towers across the United States. The company is headquartered in Chagrin Falls, Ohio, and has positioned itself as a significant player in the communications infrastructure sector. In December 2023, the company was acquired by American Tower. K2 Towers is an acquisition vehicle for Peppertree Capital Management, a private equity firm focusing on the telecommunications industry, led by co-Presidents F. Howard Mandel and Ryan Lepene.
The firm's business model centers on the acquisition, development, and operation of wireless communication towers and related assets. K2 Towers primarily generates revenue by leasing space on its towers to a diverse client base that includes cellular carriers, broadcast companies, and government agencies. The company has a history of providing critical infrastructure support to federal law enforcement bodies such as the Drug Enforcement Administration (DEA), the U.S. Secret Service, and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) through leasing and maintenance contracts.
For tower owners looking to sell, K2 Towers offers a streamlined acquisition process, promising a quick valuation of assets and transaction closures, often within 30 days. Sellers who utilize their towers for business purposes can continue to do so at no cost, as K2 assumes all maintenance and upkeep expenses. For developers, the company provides a partnership model where it funds all development and construction costs, eliminating the need for developers to raise capital or risk their own funds. This is often structured through flexible compensation plans like lump-sum payments, leasing commissions, or profit-sharing arrangements. The company actively identifies potential acquisitions by analyzing FCC tower ownership records and other data sources.
Keywords: wireless communication towers, tower acquisition, telecommunications infrastructure, cell tower leasing, broadcast towers, government communications, tower asset management, Peppertree Capital Management, wireless infrastructure, tower operations, site leasing, antenna leasing, law enforcement communications, tower development, communications real estate, F. Howard Mandel, Ryan Lepene, American Tower subsidiary, Chagrin Falls Ohio