FOR IMMEDIATE RELEASE
CONTACT: Bill Fowler
January 10, 2006
Skyway Towers, LLC has secured an initial equity commitment of $30 million from Tinicum Capital Partners II, L.P. and Permit Capital Private Equity Fund, L.P. The capital will be used to fund the build-out and operation of communications towers serving the wireless industry throughout the nation.
Skyway Towers was founded by two leading communications towers executives, Daniel P. Behuniak and Ricardo R. Loor. Behuniak has an impressive track record in the communications industry previously acting as President and CEO of UNIsite, an operator of over 600 tower sites that was sold to American Tower Corporation for $215 million. Behuniak also served as President & COO of PrimeCo and was President & CEO of Bell Atlantic Personal Communications. Loor joins Skyway with fifteen years of telecommunications industry experience in network buildouts and towers. He has held VP, GM and Directors positions in M&A, business development, sales, marketing, operations and engineering with corporations such as SpectraSite, Unisite , PrimeCo, Verizon and Nextel. Loor has managed more than 2,000 towers for SpectraSite in the south region.
In announcing the funding, Behuniak stated: “Skyway Towers was created to help wireless carriers improve the quality of their existing networks and provide new services for their customers. We are excited to be an infrastructure provider to such a dynamic and growing industry.”
Daniels & Associates principals Don Bechter, Tom Malone and Peter Markham represented Skyway in the transaction.
Daniels & Associates is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, private equity & debt financings and financial advisory engagements. Daniels is a member of the NASD and SIPC.
CONTACT: Bill Fowler
January 10, 2006
SKYWAY TOWERS, LLC SECURES EQUITY FINANCING FROM LEADING PRIVATE EQUITY FIRMS
Skyway Towers, LLC has secured an initial equity commitment of $30 million from Tinicum Capital Partners II, L.P. and Permit Capital Private Equity Fund, L.P. The capital will be used to fund the build-out and operation of communications towers serving the wireless industry throughout the nation.
Skyway Towers was founded by two leading communications towers executives, Daniel P. Behuniak and Ricardo R. Loor. Behuniak has an impressive track record in the communications industry previously acting as President and CEO of UNIsite, an operator of over 600 tower sites that was sold to American Tower Corporation for $215 million. Behuniak also served as President & COO of PrimeCo and was President & CEO of Bell Atlantic Personal Communications. Loor joins Skyway with fifteen years of telecommunications industry experience in network buildouts and towers. He has held VP, GM and Directors positions in M&A, business development, sales, marketing, operations and engineering with corporations such as SpectraSite, Unisite , PrimeCo, Verizon and Nextel. Loor has managed more than 2,000 towers for SpectraSite in the south region.
In announcing the funding, Behuniak stated: “Skyway Towers was created to help wireless carriers improve the quality of their existing networks and provide new services for their customers. We are excited to be an infrastructure provider to such a dynamic and growing industry.”
Daniels & Associates principals Don Bechter, Tom Malone and Peter Markham represented Skyway in the transaction.
Daniels & Associates is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, private equity & debt financings and financial advisory engagements. Daniels is a member of the NASD and SIPC.
# # #