Connectivity Wireless, a Boca Raton, FL-based provider of in-building wireless solutions, received $200M.
The amount consisted of:
- $110M in senior debt facility with an additional $30M available at a later date led by First Citizens Bank, including participations from CIBC Bank USA, Third Coast Bank, and Axiom Bank NA.
- In addition, the company received a $60M growth investment led by Post Road Group, with participation from Boundary Street Capital.
The transaction’s use of proceeds includes funding for system expansion as well as repayment of existing debt. The company intends to use the funds to accelerate the deployment of its in-building wireless infrastructure solutions, enhance operational capabilities, and support the demand for high-performance connectivity across various industries, including sports/entertainment arenas, healthcare, commercial real estate, education, and hospitality.
Led by CEO Paul McGinn, Connectivity Wireless is an owner and operator of in-building wireless infrastructure, specializing in distributed antenna systems (DAS), small cells, and private networks. The company partners with wireless carriers, enterprises, commercial real estate owners, and municipalities to deliver connectivity to venues throughout the United States.
FinSMEs
27/03/2025