SBA Communications Corporation acquired TowerCo II Holdings LLC for $1.2 billion cash plus 4,588,840 Class A shares, a transaction completed in October 2012, structured as cash and stock.
TowerCo II Holdings LLC operates in Wireless towers - US, is based in United States (incl. Puerto Rico). On October 1, 2012 SBA completed the acquisition of TowerCo II Holdings LLC, which owned 3,256 tower sites across 47 U.S. states and Puerto Rico. The transaction followed an Agreement and Plan of Merger dated June 25, 2012.
A large domestic portfolio purchase (3,256 towers) that materially increased SBA's US tower count and site-leasing revenue.
Advisory firms were not disclosed for this transaction.