Press release
Eco-Site completes drawdown of initial $80 million funding commitment
Durham, N.C., Jan. 26, 2017—Eco-Site, Inc. (www.eco-site.com), a North Carolina-based wireless tower and densification solutions company, announces the full utilization of its original funding, drawing down the final $20 million of its initial private equity backing.
First announced in December 2012, the $80 million in equity financing from Atlanta-based MSouth Equity Partners has carried Eco-Site through a period of strong growth. The company now has hundreds of wireless infrastructure projects in development in 36 states and employs over 45 full-time associates at its headquarters in Durham.
“The Eco-Site story is a successful one, as we’ve worked diligently to grow the business and make our vision of unique wireless network solutions a reality,” says Dale Carey, founder and CEO, Eco-Site. “This round of funding has enabled us to capitalize on market opportunities and lay a strong foundation for years to come.”
“Just as we envisioned years ago, Eco-Site has taken advantage of the wireless industry’s growth, specifically the increasing demand for wireless bandwidth and network densification solutions,” says Barry Boniface, partner, MSouth Equity Partners. “We’re pleased with the results of our investment in Eco-Site and look forward to building on their success thus far.”
About Eco-Site
Eco-Site offers superior real estate solutions for wireless network densification. Founded in 2012 by wireless industry executives with over 150 years of combined carrier and infrastructure experience, we address the problem of network densification head on. With access to millions of available parcels—along with tens of thousands of retail properties— we provide carriers customized, scalable results to meet their ever-changing network needs. We build, own and operate wireless infrastructure sites in the most desirable areas.
Eco-Site is headquartered in Durham, NC, with offices nationwide. To learn more about how we are changing wireless network expansion, visit www.eco-site.com.
Company contact:
Allison Warner
Eco-Site
40 Leigh Farm Road
Suite 415
Durham, NC 27707
919-636-6811
awarner@eco-site.com
Media contact:
Dan Gauss
Koroberi
307 West Main Street
Durham, NC 27701
202-588-0393
dan@koroberi.com
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