Connectivity Wireless Secures $200 Million in Financing to Drive Expansion of In-Building Wireless Solutions
In a significant step toward advancing its leadership in the in-building wireless infrastructure market, Connectivity Wireless, a platform backed by M|C Partners and a premier provider of wireless solutions, has announced the successful completion of a $200 million financing package. This includes a $110 million senior debt facility led by First Citizens Bank, with an additional $30 million available at a later date, as well as a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital. This strategic infusion of capital positions Connectivity Wireless to accelerate its growth trajectory and meet the surging demand for high-performance connectivity across diverse industries.
Strategic Financing to Fuel Growth
The newly secured capital will empower Connectivity Wireless to expand its deployment of cutting-edge in-building wireless infrastructure solutions, enhance operational capabilities, and address the growing need for seamless connectivity in sectors such as sports and entertainment arenas, healthcare, commercial real estate, education, and hospitality. These industries increasingly rely on reliable in-building wireless networks to support everything from mobile communications to IoT-enabled devices, making Connectivity Wireless’s role more critical than ever.
“We are thrilled to have the support of First Citizens Bank, Post Road Group, and Boundary Street Capital as we continue our mission to deliver best-in-class wireless solutions,” said Paul McGinn, Chief Executive Officer of Connectivity Wireless. “This capital infusion will allow us to expand our reach, invest in new premier venue networks, and better serve our customers in an increasingly connected world.”
A Strong Partnership with First Citizens Bank
First Citizens Bank, a leading financial institution renowned for supporting high-growth companies, structured the senior credit facility to provide Connectivity Wireless with the flexibility needed to scale its operations and pursue strategic growth initiatives. The facility also included meaningful participations from CIBC Bank USA, Third Coast Bank, and Axiom Bank NA.
“Connectivity Wireless has established itself as a leader in the in-building wireless infrastructure space, and we are pleased to partner with them on this next phase of growth,” said Roger Fong, Managing Director for the Technology, Media, and Telecommunications Finance business at First Citizens Bank. “Their innovative approach and commitment to delivering reliable connectivity make them a standout player in the industry.”
Post Road Group’s Confidence in Connectivity Wireless
The $60 million growth investment was spearheaded by Post Road Group, an alternative investment advisory firm specializing in businesses that provide critical telecommunications and connectivity solutions.
“We see tremendous opportunities in the in-building wireless infrastructure market, and Connectivity Wireless is well-positioned to capitalize on them,” said Gardner Horan, Managing Director at Post Road Group. “Our investment reflects our confidence in their leadership team, strong track record in the market, and ability to meet the ever-growing demand for seamless in-building connectivity.”
Supporting Future Growth and Market Leadership
The proceeds from the financing will be used to fund system expansions, repay existing debt, and further solidify Connectivity Wireless’s position as a trusted provider of connectivity solutions. According to Brian Clark, Managing Partner of M|C Partners, “This financing marks an important milestone in the life of the company. With this funding, Connectivity Wireless has the capital needed to support years of future growth as it expands its venue footprint and strengthens its market position.”
About Connectivity Wireless
Connectivity Wireless is a leading owner and operator of in-building wireless infrastructure, specializing in distributed antenna systems (DAS), small cells, and private networks. The company partners with major wireless carriers, enterprises, commercial real estate owners, and municipalities to deliver high-quality, reliable connectivity to prominent venues throughout the United States. By leveraging its expertise and advanced technology, Connectivity Wireless ensures seamless wireless experiences in some of the nation’s most iconic locations.
For more information about Connectivity Wireless and its services, visit connectivitywireless.com.
About First Citizens Bank
Headquartered in Raleigh, North Carolina, First Citizens Bank is a trusted financial institution dedicated to helping personal, business, commercial, and wealth clients build financial strength that lasts. With over $200 billion in assets, First Citizens offers a comprehensive suite of banking services, including a nationwide network of branches, commercial banking expertise, and innovative digital solutions. As a member of the Fortune 500™, First Citizens continues to uphold its legacy of strength, stability, and long-term thinking. Learn more at firstcitizens.com.
A Bright Future for In-Building Connectivity
As the demand for reliable in-building wireless solutions continues to grow, Connectivity Wireless is poised to lead the charge. With robust financial backing from First Citizens Bank, Post Road Group, and Boundary Street Capital, the company is well-equipped to meet the challenges of an increasingly connected world. By investing in cutting-edge technologies and expanding its venue network footprint, Connectivity Wireless is not only enhancing its market position but also setting new standards for seamless connectivity across industries.
This milestone underscores Connectivity Wireless’s commitment to innovation and excellence, ensuring that businesses and consumers alike can enjoy uninterrupted, high-performance wireless experiences. For more details on how Connectivity Wireless is shaping the future of in-building connectivity, visit their website today.
