Meritage Group and TowerPoint Capital Form New Wireless Infrastructure Partnership

In an important move to bolster its presence in the wireless sector, Meritage Group LP and TowerPoint Capital recently announced the recapitalization of a significant portfolio of wireless infrastructure assets. This strategic initiative resulted in the establishment of TowerPoint Infrastructure Partners LLC, a new open-ended vehicle aimed at enhancing operational capabilities and generating growth within this vital industry.

The recapitalization transaction was completed in December 2024 and marks a pivotal point for both firms as they seek to strengthen their offerings in the swiftly evolving realm of telecommunications. TowerPoint Infrastructure Partners has quickly positioned itself as a leader in the U.S. wireless infrastructure sector, boasting an extensive portfolio that includes one of the largest privately held collections of macro cell towers, rooftops, and land cell sites across the country.

Underpinning this venture is a dedicated originations team that is committed to driving the growth of the portfolio. The senior management team of TowerPoint Capital brings over 20 years of hands-on experience in the industry, ensuring a strong foundation for future development and expansion.

According to Jared Halperin, Head of Real Estate at Meritage Group and a Board Member at TowerPoint, the collaboration has yielded significant growth over the past six years. He emphasized that this transaction not only enhances the operational capabilities of their business but also underscores a commitment to being a premier wireless infrastructure platform in the U.S. Halperin welcomed the Ullico Infrastructure Fund as a capital partner in this venture, further validating the project's potential.

Jesse Wellner, the CEO of TowerPoint Capital, expressed enthusiasm regarding the transaction, noting that it reflects their commitment to operating and acquiring mission-critical real estate strategically located across the United States. He stated, “We remain eager to deliver exceptional value to mobile network operators, property owners, and communities that rely on advanced wireless connectivity.” The partnership with the Ullico Infrastructure Fund is expected to facilitate a new era of growth and creativity within the wireless space.

Behind the scenes, TD Securities took on the role of financial advisor for TowerPoint Infrastructure Partners, while esteemed legal firms Davis Polk & Wardwell LLP and Akin Gump Strauss Hauer & Feld LLP provided legal counsel for this transformative deal. On the other side, Weil, Gotshal & Manges LLP represented TowerPoint Capital, ensuring every aspect of this significant transaction was handled seamlessly.

Established to cater to the growing digital infrastructure needs, TowerPoint Infrastructure Partners focuses on acquiring, developing, and managing essential telecommunications infrastructure and wireless real estate assets. The platform aims to address the escalating demand for quality, expertly managed infrastructural solutions in America’s most densely populated and rapidly growing regions, thus contributing to the digital age's advancements.

Meritage Group, on its part, stands as a fundamentally-oriented investment firm managing more than $13 billion in assets as of the start of 2025. The firm specializes in public and private equity, credit, and real estate investments, staffed by approximately 55 professionals spread across various offices in Greenwich, New York City, and San Francisco.

Overall, the formation of TowerPoint Infrastructure Partners signifies a forward-thinking approach to wireless infrastructure management and growth, destined to benefit mobile network operators and communities nationwide. As technology and connectivity continue to evolve, partnerships like these are essential in meeting modern demands and setting the stage for future advancements in the telecommunications sector.

Conclusion

The establishment of TowerPoint Infrastructure Partners is a significant milestone for both Meritage Group and TowerPoint Capital, demonstrating their commitment to expanding capabilities in the telecommunications landscape while providing robust solutions for the digital communication needs of tomorrow. This collaboration not only promises enhanced services but also stakes a claim in the dynamic wireless industry for years to come.