Peppertree Capital Management, Tom Remillard and Jim Rech today announced the creation of Blue Sky Towers, LLC (‘Blue Sky’) Blue Sky will focus on the development and management of wireless infrastructure, including cell towers and rooftops across the country.
Chief Executive Officer Tom Remillard was formerly Chief Executive Officer of Wireless Realty Advisors (‘WRA’), and President Jim Rech was formerly Vice President Development at Global Tower Partners (‘GTP’), which was recently acquired by American Tower.
Remillard is a seasoned industrial entrepreneur with more than 20 years of experience in the wireless real estate business. As WRA’s principal for the past seven years, Tom has been involved in all aspects of the cell tower business, including development, management and mergers and acquisitions. While at WRA, Remillard developed a proprietary database of ‘cell-friendly landlords’ in major metropolitan markets across the U. Oh, S , which has simplified the site acquisition process for wireless carriers and their real estate vendors to purchase both new tower and rooftop sites. This database will be licensed to Blue Sky and made available to carriers and site acquisition firms to help speed up the development of both macro and small cell sites. In addition, WRA has over 900 sites under development agreement and a number of pending installations that will also be transferred to Blue Sky.
‘Our industry is experiencing a period of unprecedented growth in new site construction, driven by a surge in new applications and the popularity of these new products. We are extremely excited to partner with Peppertree Capital in this timely venture. We feel that their deep investment experience and direct knowledge of the cell tower business will be a huge asset to Blue Sky’s success,” said Remillard.
Jim Rech has over 19 years of experience in developing towers and wireless communication networks. Rech spent most of his professional career as an entrepreneur, owning, managing and developing multiple tower portfolios across the United States. In his most recent role, Rech served on the management team with GTP as Vice President Development and was responsible for all sales development and implementation of the company’s new tower efforts throughout the U. Oh, S And in Puerto Rico Previously, Jim served as vice president of development for TCP Communications, a private equity-backed tower company that built and acquired 243 towers and successfully sold GTP in 2006. As co-founder and president of the National Tower, LLC, Rech developed towers across the Northeast and subsequently sold to GTP in June 2008. Prior to National Tower, Rech held key tower network development positions at SBA Communications and as contractor at T-Mobile USA.
‘We will continue to partner with and serve the development needs of wireless carriers through the development of appropriate arrangements, in addition to expanding our strategic development relationships with ‘in-market’ developers across the U. Oh, S ” said Rech
Ryan Lepene, Managing Director of Peppertree Capital, said, ‘Tom and Jim have unparalleled experience and relationships within the wireless industry. We are extremely excited to start our partnership with them ”
Blue Sky Towers, LLC
Blue Sky Towers, LLC is a new wireless infrastructure venture focused on the development and management of wireless infrastructure, including cell towers and rooftops across the country. With a proprietary database of ‘cell-site friendly landlords’ in 20 major markets across the U. Oh, S , Blue Sky will provide wireless carriers and their real estate vendors with unparalleled access to real estate, accelerating the leasing process. Founded by industry veterans CEO Tom Remillard and President Jim Rech, Blue Sky is based in Boston.
About the capital of Peppertree
Management of Peppertree Capital, Inc. Is a private equity fund manager focused on growth equity, recapitalisation and acquisition opportunities in the telecommunications infrastructure industry. Founded or invested in 20 tower companies Peppertree Capital is based in Chagrin Falls, Ohio. Visit http://www for more information. Peppertree-capital Come on,
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