Ropes & Gray Advises LTS Group Holdings LLC in Acquisition by Crown Castle International Corp.
Ropes & Gray advised LTS Group Holdings LLC (Lightower) in connection with its entry into a definitive agreement to be acquired by Crown Castle International Corp. Lightower is a leading provider of fiber solutions with a dense fiber footprint in top metro markets in the Northeast, including Boston, New York and Philadelphia.
Lightower will be acquired for approximately $7.1 billion in cash, subject to certain limited adjustments. The transaction was announced on July 18, 2017 and is expected to close by the end of 2017, subject to customary closing conditions.
The Ropes & Gray team included private equity partner Taylor Hart, tax partner Adam Greenwood, benefits partner Renata Ferrari, private equity associate Christian Westra and finance associate Arek Maczka.