Harmoni Closes Acquisition of Charlotte Telecom Firm

Harmoni Closes Acquisition of Charlotte Telecom Firm

Communications infrastructure provider Harmoni Towers of Little Rock announced it has closed the acquisition of Parallel Infrastructure LLC of Charlotte, a cell tower platform and build-to-suit provider.

Financial terms of the transaction were not disclosed.

Harmoni, a portfolio company of Palistar Capital LP, purchased the company from affiliates of publicly traded Apollo Global Management Inc. (NYSE: APO)

The combined company is the fifth-largest tower company in the U.S. and the second-largest private independent tower company in the nation, Harmoni said in a news release. The company now has more than 2,000 built and in-construction towers across the country.

Palistar acquired Harmoni in June 2020 from Uniti Group Inc. of Little Rock. It said it plans to deploy more than $1 billion capital to continue growing the platform. 

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