DigitalBridge acquires controlling stake in US towerco Vertical Bridge

11 Aug 2021

DigitalBridge Group has announced that funds affiliated with DigitalBridge Investment Management have reached a definitive agreement to acquire a controlling stake in US towerco Vertical Bridge Holdings. Founding partners the Jordan Company (the infrastructure business within Goldman Sachs Asset Management) and Stonepeak Partners, have confirmed the sale of their interests in the business following a successful seven-year investment. Financial details of the sale transaction were not disclosed, while the transaction is subject to various regulatory approvals and is expected to close in the fourth quarter of 2021.

Since it was founded in 2014 Vertical Bridge has expanded its portfolio to include over 308,000 owned or master-leased sites, including over 8,000 cell towers across the US.

United States, DigitalBridge Communications, Vertical Bridge