Shamrock Capital sells Mobilitie to BAI Communications

Shamrock Capital has sold its ownership stake in Mobilitie, a wireless infrastructure firm, to BAI Communications.

Shamrock Capital has sold its ownership stake in Mobilitie, a wireless infrastructure firm, to BAI Communications. No financial terms were disclosed.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–Shamrock Capital, a Los Angeles-based private equity firm, today announced that it is selling its ownership stake in Mobilitie, the largest privately-held wireless infrastructure firm in the nation, to global communications infrastructure provider, BAI Communications (BAI).

BAI’s acquisition of Mobilitie is a significant move towards becoming one of the leading connected infrastructure 5G players in North America, and globally. The deal combines Mobilitie’s extensive assets and operations across 5G outdoor and indoor wireless infrastructure, proven experience in small cell deployment, and work with transit operators across major US cities with BAI’s long-standing proven expertise in delivering communications infrastructure in dense urban and transit environments.

“Mobilitie has proven time and time again to have the vision and drive necessary to accelerate network development and transform wireless infrastructure to meet the evolving demands of carriers, public venues, transit systems and consumers alike,” said Steve Royer, Partner at Shamrock. “We have proudly invested in and supported the company’s success, and are now eager to see its continued expansion in this next phase of growth with BAI.”

Shamrock previously invested $100 million in equity capital with Mobilitie to deploy and build new high-speed Distributed Antenna Systems (“DAS”) and small cell technology infrastructure for high-traffic public venues, Wi-Fi networks, and new wireless communication tower sites across the US. Today, Mobilitie’s portfolio includes 220 venues across 39 states, 10,000 small cells across 45 states, and 300 tower sites across 14 states, as well as public transit system agreements in Seattle and the San Francisco Bay Area.

“Mobilitie has grown exponentially following Shamrock’s investment in 2013, providing the financial support required to scale nationally and fuel our expansion into 5G,” said Gary Jabara, Founder and Chairman at Mobilitie. “Together, we have firmly established Mobilitie’s position as the market leader in 5G wireless infrastructure, and have the foundation needed to accelerate our impact on a global scale. We’re excited for the next chapter of our growth as part of BAI Communications.”

The transaction is subject to customary regulatory clearances and is expected to close in the third quarter of this year.

About Shamrock Capital
Shamrock Capital is a Los Angeles-based investment firm with approximately $3.8 billion of assets under management. Shamrock invests exclusively in media, entertainment, communications, and related sectors through a multi-fund strategy centered on private equity investments and entertainment intellectual property rights ownership. Shamrock was originally founded in 1978 as the family investment company for the late Roy E. Disney and has since evolved into an institutionally backed firm with a leading group of investors, including endowments, foundations, and pension funds. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. Shamrock’s current private equity investments include Ad Results Media, Adweek, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management, Iyuno-SDI Group, Learn on Demand Systems, Maple Media, Mobilitie, Omega Wireless, Pixellot, and Wpromote. In addition, Shamrock owns a diversified portfolio of premium content consisting of an economic interest in over 800 films, over 1,000 television episodes, and over 20,000 music compositions. For more information, visit www.shamrockcap.com.

About Mobilitie
Mobilitie is the largest privately-held telecommunications infrastructure company in the United States. As a veteran provider of complete wireless solutions, Mobilitie helps people stay connected on their mobile devices wherever they are. It funds, deploys and operates next-generation infrastructure that enables robust coverage and 5G services and speeds.
Mobilitie wireless infrastructure includes communication towers, indoor and outdoor neutral host DAS networks, small cells, IoT, and Wi-Fi networks. Mobilitie’s Advanced Technology Group engineers innovative wireless solutions that improve wireless service at the largest and most complex venues across all major industries-including sports and entertainment, real estate, hospitality, education, healthcare, government and transportation.

Mobilitie is headquartered in Newport Beach, California and has regional offices across the United States. To learn more about our wireless coverage solutions, visit us at www.mobilitie.com.