Harmoni Towers Acquires Parallel Infrastructure from Apollo-managed Funds
November 3, 2022
Harmoni Towers, a portfolio company of Palistar Capital LP, has closed its acquisition of Parallel Infrastructure from funds managed by affiliates of Apollo Global Management. The deal combines two tower platforms to create the fifth-largest tower company in the U.S., strengthening the platform’s build-to-suit and 5G deployment capabilities as Palistar plans to deploy over $1 billion for expansion.
- Buyers
- Harmoni Towers, Palistar Capital LP
- Targets
- Parallel Infrastructure
- Sellers
- Funds managed by affiliates of Apollo Global Management, Inc.
- Platforms
- Harmoni Towers
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Addon
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