Palistar Capital combines wireless businessesPalistar Capital combines wireless businesses

Palistar Capital, LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the combination of its pool of wireless assets managed exclusively by Symphony Wireless, LLC ("Symphony Wireless"), the dedicated cell site acquisition affiliate of Palistar, with another Palistar portfolio company, CTI Towers, Inc. ("CTI") (together, the "Wireless Tower Portfolio"). In conjunction with the transaction, Symphony Wireless will change its name to Symphony Towers Infrastructure ("Symphony Towers").

This transaction creates one of the top five private telecom infrastructure platforms in the U.S. Symphony Towers will exclusively operate, manage and market approximately 3,000 assets across all 50 states on behalf of Palistar, becoming one of the largest and fastest growing businesses in U.S. wireless infrastructure. The combined entity will be led by Bernard Borghei. Mr. Borghei, who joined Symphony Wireless in April 2024, is a veteran of the telecommunications infrastructure industry with over 30-years of sector experience, including as a co-founder of Vertical Bridge.

Symphony Towers will continue to drive growth in its Wireless Tower Portfolio through the origination of new investments on behalf of Palistar, including via the acquisition of both portfolios and individual wireless infrastructure assets.

Read the full press release here.

Palistar Capital