Harmoni Closes Acquisition of Charlotte Telecom Firm


Harmoni Closes Acquisition of Charlotte Telecom Firm
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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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