Horvath Communications Towers Completes 79 Tower Deal with SBA Communications
 

Wednesday August 2

W. CONSHOHOCKEN, Penna. – Aug 2, 2006 – Horvath Communications Towers, which owns 79 towers in several Midwest and Eastern metropolitan areas, has successfully completed its sale to SBA Communications. Fairmount Partners advised Horvath Communications Towers and its principals in the transaction.

Horvath Communications Towers, based in South Bend, Indiana, is a partnership formed by the principals of Horvath Communications and Memphis-based Tower Ventures to develop and operate wireless communications towers for wireless carriers. Jackie Horvath has established Horvath Communications as a leading developer and manager of sites in the greater Indiana and Chicagoland region.

Tower Ventures, based in Memphis, Tennessee, is a tower developer with an outstanding track record of building wireless infrastructure for carriers and operating successful tower portfolios. The group, led by managing partner Billy Orgel, has developed over 300 towers during its history.

Tony Parisi, Director at Fairmount Partners, commented, ”We are proud to have represented Horvath in this excellent transaction with SBA. This sale is a great conclusion to the partnership that we were pleased to facilitate two years ago between Tower Ventures and Jackie Horvath and her team.”

 

Principals of Fairmount Partners acted as advisors to Horvath Communications in this transaction.