Catalyst Investors Sells InSite Wireless Stake, Continues Partnership Through Fund IV

Catalyst Investors Sells InSite Wireless Stake, Continues Partnership Through Fund IV

InSite Wireless Group, LLC announced that Macquarie Infrastructure Partners III—as part of an initial investment of approximately $280 million—has acquired a 42.5% equity interest in the company from Catalyst Investors II, L.P. and other minority investors. MIP III has also committed to additional future investments to promote InSite’s continued growth. InSite will continue to be led by its existing management team headed by co-founders David E. Weisman, President and CEO, and Lance C. Cawley, CFO. Cox Enterprises—and several of its subsidiaries—and Catalyst Investors IV, L.P. will continue to be investors in InSite.

Cell Service on the MBTA Is Set to Improve

Alexandria, Va.-based InSite Wireless, which is currently performing the installation of wireless service on the MBTA, recently announced that they have partnered with all the major wireless providers — Sprint, AT&T, Verizon,T-Mobile, and Comcast (for WiFi) — on the project so that all mobile users will have access to the Internet and phone services while riding the T.

Catalyst Investors Increases Investment in InSite Wireless Group

Catalyst Investors announced a follow-on investment in portfolio company InSite Wireless Group, LLC, owner, operator and manager of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Puerto Rico, and the U.S. Virgin Islands. The new investment comes following an investment by Cox Enterprises, Inc.

InSite Wireless, LLC Acquires Distributed Antenna System

InSite Wireless, LLC, has added DAS facilities at two prestigious venues in the New York and New Jersey area – 30 Rockefeller Center and the Atlantic City Convention Center – to its DAS operations as a result of a purchase agreement with Dianet Communications.