Canadian telecommunications infrastructure owner and developer Shared Tower has secured an initial C$100m (鈧�63.9m) investment from Northleaf Capital Partners.
Northleaf said that, as part of a newly created partnership with Shared Tower, its funds are making the initial commitment to accelerate Shared Tower鈥檚 plan to improve communication services across Canada.
Established in 2021 by CEO Dan Gibbons and headquartered in Oakville, Ontario, Shared Tower is a developer and owner of carrier-neutral communications infrastructure in Canada.
Chris Rigobon, managing director at Northleaf, said: 鈥淲ith a demonstrated track record of reliable project execution and delivery, Shared Tower is well-positioned to partner with its customers to enhance connectivity in one of the fastest growing developed markets in the world.
鈥淭his investment in Shared Tower is an excellent fit with Northleaf鈥檚 infrastructure strategy. Our investors will benefit from the long-term, contracted cashflow profile that underpins the company鈥檚 business model.鈥�
Gibbons said: 鈥淚鈥檓 delighted to welcome Northleaf as long-term owners in Shared Tower. Their relationships, knowledge, and experience investing in communications infrastructure will be invaluable as we look to scale and better serve our existing and new customers.鈥�
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