Project Description

Tower Engineering Professionals (“TEP”)

Prairie Capital Fund V

Location Raleigh, NC
Transaction Type Growth Buyout with Founder and Management
Investment Date December 2014
Business

Multi-discipline engineering firm, primarily focused on servicing existing telecommunication towers and infrastructure. The Company’s services include inspection, structural modification, civil engineering, surveying, environmental, geotechnical, structural design and site acquisition.

Industry Business Services

Investment Rationale

  • Attractive opportunity to partner with Management to implement new financial and operating systems to scale TEP in a disciplined manner
  • Robust industry demand as carriers strive to add LTE and 5G capabilities to keep up with accelerating mobile broadband usage and upgrade existing networks.
  • Scale and licensing capable of servicing the largest tower owners and carriers across North America
  • Opening offices in new geographical areas will increase presence and provide incremental business opportunities driven by regional needs

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Add-on Acquisitions

Prairie Capital offered a strong cultural fit and a solution to achieve greatness with minimal disruption to our culture and core beliefs. The team they put in place to guide our company were first class folks dedicated to our business success.

I would recommend them for any company with strong leadership that wants to take their company to new heights. They have the skill set and resources to be impactful without imparting constraints that would cripple the entrepreneurial spirit of an emerging business.

Andy Haldane, Founder and CEO of Tower Engineering