Connectivity Wireless Secures $200 million of capital from First Citizens Bank and Post Road Group to Accelerate Growth
This strategic financing will enable Connectivity Wireless to accelerate the deployment of its cutting-edge in-building wireless infrastructure solutions, enhance operational capabilities, and support the increasing demand for high-performance connectivity across various industries, including sports/entertainment arenas, healthcare, commercial real estate, education, and hospitality.
"We are thrilled to have the support of First Citizens Bank, Post Road Group, and Boundary Street Capital as we continue our mission to deliver best-in-class wireless solutions," said Paul McGinn, Chief Executive Officer of Connectivity Wireless. "This capital infusion will allow us to expand our reach, invest in new premier venue networks, and better serve our customers in an increasingly connected world."
First Citizens Bank, a leading financial institution known for supporting high-growth companies, structured the senior credit facility to provide Connectivity Wireless with the flexibility needed to scale its operations and drive strategic growth initiatives. "Connectivity Wireless has established itself as a leader in the in-building wireless infrastructure space, and we are pleased to partner with them on this next phase of growth," said Roger Fong, a managing director for the Technology, Media and Telecommunications Finance business at First Citizens Bank.
The senior debt facility led by First Citizens Bank also included meaningful participations by CIBC Bank
The
The transaction’s use of proceeds includes funding for system expansion as well as repayment of existing debt. “This financing marks an important milestone in the life of the company,” said Brian Clark, Managing Partner of M|C Partners, “With this funding, Connectivity Wireless has the capital needed to support years of future growth as it expands its venue footprint and strengthens its market position as a trusted provider of connectivity solutions.”
About Connectivity Wireless
Connectivity Wireless is a leading owner and operator of in-building wireless infrastructure, specializing in distributed antenna systems (DAS), small cells, and private networks. The company partners with the major wireless carriers, enterprises, commercial real estate owners, and municipalities to deliver high-quality, reliable connectivity to prominent venues throughout
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
About Post Road Group
Post Road Group is an alternative investment advisory firm that currently manages approximately
About Boundary Street Capital
Boundary Street, a Stonepeak Credit firm, is a private credit investment manager focused on providing flexible capital solutions specifically to lower middle market technology and telecommunications businesses and backed by a team of investment professionals with decades of experience investing in these sectors. Boundary Street seeks to invest in durable, recurring revenue businesses providing the mission critical services that will drive economic growth, bridge the digital divide, and keep families and businesses connected. To learn more, visit www.boundarystreetcapital.com.
About M|C Partners
Based in
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Media Contact:
connectivitywireless.com
888-591-9418
Source: Post Road Group