InSite Wireless acquires Capital Tower's assets; appoints CEO to lead DAS, small cells unit
Richard M. Grimes, former chief executive and co-founder of Capital Tower Group, LLC (CTG), will join InSite as chief operating officer for its DAS and Small Cells Group.
InSite Wireless Group, LLC, one of the largest privately-owned tower and wireless infrastructure companies in the U.S., announced that industry veteran Richard M. Grimes, former chief executive and co-founder of Capital Tower Group, LLC (CTG), will join InSite as chief operating officer for its DAS and Small Cells Group. InSite has also acquired specific DAS and telecommunications assets of CTG, a privately-held wireless infrastructure development and management company.
"We looked closely at the quality of leadership at CTG, as well as their deal portfolio, and it made sound business sense to bring both of those assets into our growing company," says David E. Weisman, president and CEO of InSite. "This acquisition avails us of a top-tier senior executive in Rich Grimes, whose reputation in the industry is excellent. It also adds several DAS locations to InSite's portfolio, and an influx of new business opportunities."
According to a press release, in carrying out his new responsibilities, Grimes will be based out of InSite's Western Region office in Pasadena, California, in addition to operating out of their headquarters in Alexandria, Virginia. "It's rarely an easy decision to give up the autonomy of having one's own business, but when a company with the reputation of InSite looked to combine interests, it presented a very compelling opportunity," said Grimes. "It's very motivating to join a team that has been providing industry-leading wireless infrastructure services to strategic venues throughout the United States."
Richard Grimes has over 20 years of experience in senior leadership positions in wireless telecommunications infrastructure design, development and project management at strategic venues throughout the United States. His extensive experience includes nine years with AT&T in various national director positions, and four years as investment committee chairman of a wireless infrastructure investment company. He earned his B.A. in English at Santa Clara University, a Juris Doctor law degree from Western State University College of Law, and is a Stanford University Certified Project Manager (SCPM).
InSite Wireless Group, LLC develops, owns, operates and manages communications wireless infrastructure facilities for the wireless and broadcast industries. InSite's distributed antenna system (DAS) and small cells 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.
Learn more at www.insitewireless.com.