Symphony Wireless will be led by Bernard Borghei, a 30-year veteran of the telecom infrastructure industry and co-founder of Vertical Bridge.
Palistar Capital, LP has combined the wireless assets managed by portfolio companies Symphony Wireless and CTI Towers, resulting in one of the top five private telecom infrastructure platforms in the U.S. with 3,000 assets.
The combined entity will be led by Bernard Borghei, who joined Symphony Wireless in April 2024. Borghei is a veteran of the telecom infrastructure industry with over 30 years of experience, including as a co-founder of Vertical Bridge.
In 2020, Palistar, previously known as Melody Investment Advisors LP, acquired CTI Towers, which was majority owned by Comcast Ventures. In May of last year, Symphony Wireless announced its inaugural $200 million securitization of Palistar’s easements portfolio, partnering with a U.S. insurance provider.
The combined pool of infrastructure assets consisting of towers, rooftops, and other collocatable assets will make Symphony Towers a better partner to its clients.
“A bigger, more robust platform of assets and solutions makes us more meaningful to our clients, expanding our reach within the segments of the infrastructure industry that we operate in,” Borghei told AGL Info Tech. “Taking advantage of the combined pool of talents to drive exponential growth for the combined company allows us to more effectively pursue organic and M&A growth opportunities via the solid financial backing of our sponsor, Palistar.
”The merger will also bring together two experienced teams to focus on growing a single platform rather than two separate smaller ones, according to Borghei, with the financial backing of Palistar.
“This transaction creates premium operational and business efficiencies for Palistar’s Wireless Tower Portfolio by consolidating the outstanding management teams and processes of both Symphony Wireless and CTI,” Borghei said. “As a result, Symphony Towers will leverage the scale of the Wireless Tower Portfolio, providing exceptional value and a world-class operating experience to its customers.”
Under Borghei’s leadership, Symphony Towers will continue to grow through the acquisition of both portfolios and individual wireless infrastructure assets.
“We believe that the carrier spending on network densification and expansion in 2025 will be higher than the past two years, and therefore, see lease up opportunities of our assets as a major avenue of our organic growth,” Borghei said.
