Global investment firm Carlyle announced that funds managed by its Global Infrastructure platform have committed up to $1 billion to partner with Tillman Global Holdings to accelerate its investments in Tillman Infrastructure, a leading privately held cell tower platform in the United States.
Since its founding in 2016, Tillman Infrastructure has become one of the largest providers of build-to-suit tower assets in the country and these funds will seek to further support that growth trajectory. Tillman Global will use the funds to seek to accelerate growth to meet increasing demand for mobile internet infrastructure, and to continue to invest in premium mobile infrastructure to serve its underlying mobile network operator and other customers.
Carlyle’s Global Infrastructure platform has focused on investing in narrowing the “digital divide,” which we believe is a significant ESG positive, by investing in mission critical infrastructure for customers and communities in underserved and underinvested US markets. In addition to Tillman, during the past year, Carlyle acquired Involta Data Centers, a US data center company focused on hybrid IT and cloud infrastructure, and Wyyerd Fiber Group, a leading regional fiber-to-home platform in the Southwestern United States for which it also completed an add-on fiber acquisition.
Tillman Global Holdings is a holding company founded in 2013 by Sanjiv Ahuja that builds, owns and operates platforms in digital infrastructure, including Tillman Infrastructure, which it founded in 2016. Tillman Infrastructure has grown by introducing a successful customer-first business model which has resulted in market-leading organic growth over the past several years.
Joshua Pang, Head of Digital Infrastructure for Carlyle Global Infrastructure
Tillman Global has built a world-class portfolio of digital infrastructure assets with a demonstrated operating model for partnering with and delivering high-quality service to customers. We see significant opportunity for growth given the long-term secular demand drivers of mobile data proliferation, digital connectivity, and the convergence of digital infrastructure operating models.
Sachit Ahuja, Managing Director of Tillman Global
We are thrilled to partner with Carlyle’s scaled, global platform and look forward to working with them as we continue expanding our business and leveraging our unique approach to meeting customers’ digital infrastructure needs. Since launching Tillman Infrastructure in 2016, we have built a team that has delivered rapid growth in new tower builds in the United States.
