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Bradenton Communications Company Gets $15 Million Investment

A Bradenton wireless communications tower company recently received $15 million from a private investment fund to expand business throughout several states, including Florida.

Tarpon Towers, wireless communications infrastructure company specializing in the acquisition and development of wireless communication towers, received the funds from Spire Capital Partners, a leading private investment fund specializing in communications technology, on March 15, 2010. A managing member of Spire Capital will join Tarpon's board of directors as part of the transaction.

"We are excited to have Spire Capital join the Tarpon family as we feel Spire's extensive experience in the tower sector and strong industry relationships will be invaluable to Tarpon as we continue to build our business and create shareholder value," says Ronald Bizick, Tarpon co-founder and CEO.

The need for more towers and the capital required to fund them arose from increased use of wireless technology such as smart phones and other devices that rely heavily on cellular transmission.

"Growth in our business is dependent on access to capital and we are seeing numerous opportunities to put capital to work at attractive returns," adds William Freeman, Tarpon's co-founder and president.

The investment will make possible more than 100 towers in 14 or 15 states, which will positively impact service through such carriers as Verizon, AT&T and T-Mobile. Tarpon currently owns 85 towers throughout Florida, North Carolina, Georgia, Mississippi, Texas, Michigan, Connecticut, New York and California.

Tarpon Towers is based in Bradenton and has operated under its current management team since 2008. The company was able to add five new positions last year due to a previous investment of $50 million.

Writer: Missy Kavanaugh
Source: William Freeman, Tarpon Towers

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