Skip to main content

Municipal Communications Announces Sale of Portfolio of Tower Assets

Municipal Communications (“Municipal”) and Seaport Capital (“Seaport”) announced the sale of a portfolio of tower assets to Fengate Asset Management. Fengate is a leading alternative investment manager focused on infrastructure, private equity, and real estate strategies in North America.

“The Municipal team is proud of the tower portfolio that we built over the last three years and wish Fengate success with the portfolio. I also appreciate our partnership with Seaport over the last decade and look forward to leading the development of another robust tower portfolio with the Municipal and Seaport teams in the years to come,” said Peter Corry.

Municipal Communications will continue to own, operate and develop wireless communications towers. Municipal and Seaport Capital will continue their decade-long partnership to develop another portfolio of tower assets for the leading wireless providers.

Bob Tamashunas, Partner at Seaport Capital said, “We’re proud of our long-term relationship with Peter Corry and the Municipal team. Peter and his team developed a diverse portfolio of tower assets, anchored by the big three wireless providers, over the last three years. We wish Fengate success with the portfolio. We look forward to partnering with Municipal to build another great portfolio of tower assets.”

Houlihan Lokey served as the financial advisor to Municipal and Seaport and assisted in structuring and negotiating the transaction on its behalf.

About Municipal Communications

Municipal Communications is an Atlanta, GA-based communications infrastructure provider that develops, owns, and operates cellular wireless assets throughout the United States. The Company’s tower portfolio primarily covers the Northeast, Southeast, Southwest and the Midwest. For additional information, visit

About Seaport Capital

Founded in 1997, Seaport Capital is a lower middle-market buyout firm that invests in communication infrastructure and services, business and information services, and media companies (the “Focus Sectors”). Seaport typically invests $10 to $30 million of equity capital in companies generating EBITDA between $3 and $15 million, with the goal of maximizing the return on invested capital. Seaport is currently investing out of Seaport Capital Partners VI, a 2020 vintage fund.

Seaport’s substantial industry expertise and investing experience enable it to develop successful strategies; its relationships and team help achieve them. Nearly all of Seaport’s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute on a successful strategic plan.

For additional information, visit

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.