Jacksonville, Fla. – (December, 2009) – TowerCom, LLC (TowerCom), a Lovett Miller & Co. portfolio company, completed the sale of wireless towers to SBA Communications Corporation ("SBA") (NASDAQ: SBAC). The sale represents a partial sale of the overall tower portfolio.
Lovett Miller & Co. is the lead investor in TowerCom. Mr. W. Radford Lovett II, Co-founder and Managing Partner of Lovett Miller & Co., served as Chairman of TowerCom since founding the company. Prior successful exits include TowerCom Development, LP, and TowerCom Enterprises, LLC developers of wireless communications infrastructure and TowerCom, Limited, an owner and developer of broadcast communication towers.
Lovett Miller’s investment in Florida-based TowerCom is representative of its strategy to provide growth capital for privately held companies in the Southeast.
About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts. Lovett Miller & Co. typically invests $3 to $15 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information, visit www.lovettmiller.com.
About TowerCom Enterprises LLC
TowerCom is a privately held company that develops and acquires tower assets. TowerCom offers a network of newly constructed communications towers, leasing space to national and regional wireless carriers. The difference is choice-- We will build towers to suit your specific needs or we offer existing towers ready for immediate collocation on strategically located towers and rooftops. TowerCom is large enough to provide the services you value while maintaining the personalized, responsive, and knowledgeable support of a regional company. Our centrally located offices provide a local market presence to support our wide selection of sites.