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Catalyst-backed InSite Acquires Capital Tower & Names New COO


InSite Wireless acquires Capital Tower, names new COOInSite Wireless acquires Capital Tower, names new COO

Private wireless infrastructure firm charges COO with small cell, DAS

Privately held wireless infrastructure firm InSite Wireless Group on May 12 announced its acquisition for undisclosed consideration of Capital Tower.

Industry veteran Richard Grimes, former CEO and co-founder of Capital Tower, will become the COO of the DAS and small cells group at InSite Wireless.

Capital Tower specializes in cell tower site construction and has deployed in more than 20 states, according to the company’s website.

David Weisman, president and CEO of InSite, said the Capital portfolio complements InSite’s growth ambitions.

“We looked closely at the quality of leadership at CTG, as well as their deal portfolio, and it made sound business and strategic sense to reach out in an effort to bring both of those assets into our growing company,” Weisman said.

“This acquisition avails us of a top-tier senior executive in Rich Grimes, whose knowledge and reputation in the wireless infrastructure industry is excellent and well known. It also adds several DAS locations to InSite’s existing portfolio, along with an immediate influx of new business opportunities.”

Grimes will be based in InSite’s West region office in Pasadena, Calif.

“It’s rarely an easy decision to give up the autonomy of having one’s own business,” Grimes said, “but when a company with the reputation and industry weight of InSite looked to combine interests, it presented a very compelling opportunity.”

He continued: “I’m excited to enter into this new challenge of leading InSite’s DAS operations, as well as contributing to their small cells strategy.  It’s very motivating to join a team that has been providing industry-leading wireless infrastructure services to both new and existing strategic venues throughout the United States.”

InSite develops, owns, operates and manages wireless infrastructure facilities; in the small cell and DAS spaces, InSite specializes in design, installation, operation and maintenance.

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