Peppertree Capital Management has increased its funding commitment to Blue Sky Towers from $120 million to $320 million.
Blue Sky Towers was formed in 2014 to acquire, develop and manage wireless infrastructure throughout the United States and Puerto Rico. Led by Jim Rech, president & CEO, Blue Sky has deployed over $120 million of capital in the sector over the past few years. Due to Blue Sky’s success in executing on its business plan, Peppertree is now increasing Blue Sky’s funding by $200 million.
Rech said, “We are excited to continue our partnership with Peppertree as Blue Sky positions itself for the critical and unprecedented growth of 5G. This will provide continued support to our clients and their need for more wireless infrastructure.”
With assets throughout the United States and Caribbean, Blue Sky continues to expand its wireless infrastructure platform. Currently, Blue Sky has over 1,000 owned and managed wireless communication infrastructure sites throughout the United States and Puerto Rico.