Grain Management and BlackRock Invest in Phoenix Tower International alongside Blackstone
March 27, 2024
Grain Management and BlackRock have made a strategic investment in Phoenix Tower International (PTI), joining Blackstone as investors to support PTI's continued global expansion of wireless tower infrastructure. The capital will back PTI’s growth across its footprint of over 24,000 towers in 23 countries and help the company expand into new and existing markets.
- Buyers
- Grain Management, BlackRock (Diversified Infrastructure fund), Blackstone
- Targets
- Phoenix Tower International
- Industry
- Infrastructure
- Location
- Florida, United States
- Transaction Type
- Growth capital
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