Investment provides InSite robust portfolio of public-private partnerships and new network infrastructure throughout the Midwest
ALEXANDRIA, VA and CANTON, OH (August 5, 2019)—InSite Wireless Group, LLC (InSite), one of the country’s largest private operators of wireless communications infrastructure, today announces the acquisition of majority interest in Agile Networks, a leading provider of telecommunications solutions based in Canton, Ohio. Pursuant to the purchase agreement, InSite, headquartered in Alexandria, Va., will become the single largest investor in Agile. The acquisition provides InSite with a portfolio of publicprivate partnerships and a significant infrastructure network and assets spanning hundreds of locations throughout the Midwest. Agile will become an operating division of InSite.
“The investment in Agile helps to grow InSite’s footprint of wireless tower infrastructure assets while adding a critical public telecommunications network platform,” said David E. Weisman, CEO of InSite.
“Agile is a natural addition to InSite’s operations and delivers the resources and additional infrastructure to extend services to customers throughout our current and expanding footprint.”
“This is an exciting period of growth for Agile and we could not have found a more fitting partner to continue delivering connectivity solutions and infrastructure to our diverse customers across the Midwest,” Agile Networks CEO Kyle Quillen said.
“Our team has worked extremely hard to build Agile and the infrastructure network to where we are today.”
“Agile has truly been a driving force for innovation in our community and throughout the state,” Canton Mayor Thomas Bernabei said.
“We appreciate the investments Agile has made in key projects like the Innovation District in Canton, showing their commitment to their home community, while experiencing significant national growth. We are eager to see this investment continue and grow after the acquisition, as connectivity and infrastructure are critical in a 21st-century economy and innovative infrastructure solutions are instrumental to meeting such needs.”
The transaction closed August 1, 2019. Bank Street Group LLC served as exclusive financial advisor, ICE Miller LLP served as legal counsel and 415 Group served as accountants to Agile Networks in connection with the InSite transaction.
About Agile Networks
Agile Networks is a provider of hybrid fiber wireless broadband data networks, supplying connectivity to empower customers and transform organizations. Agile Networks’ hybrid network – The Agile Network – utilizes vertical infrastructure along with the latest in fiber-optic and wireless technologies to provide data solutions. Engineered to the stringent specifications required to support public safety, The Agile
Network boasts carrier grade performance and the security required by public safety agencies. Agile’s Last-Mile Agility makes delivering solutions to rural areas just as feasible as major cities. More information can be found at www.agilenetworks.com.
About InSite Wireless Group, LLC
InSite Wireless Group, LLC develops, owns, operates and manages communications wireless infrastructure facilities primarily for the wireless and broadcast industries. InSite’s tower division develops, manages, owns, and operates more than 2,000 telecommunications towers and sites for wireless carriers, broadcasters and other users across the United States, Puerto Rico, the U.S. Virgin Islands, Canada, and Australia. InSite’s distributed antenna system (DAS) and small cell division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in public facilities and complex environments. InSite has developed and currently operates more than 60+ DAS projects across the United States in convention centers, hotels and casinos, office buildings, airports, sports stadiums, and transit systems such as the Boston MBTA Subway, the Atlanta metro (MARTA) and the Los Angeles County Metro. InSite also owns Lease Advisors, one of the leading land-under-cell-tower acquisition companies in the United States. More information on InSite’s business can be found at http://www.insitewireless.com