Finalist
Real Estate and Construction Services
Global Tower Partners was founded in 2002 by Marc Ganzi with a focus on the wireless communication tower business.
By 2003, the company had already executed its first acquisition of 187 towers. Over the next several years, the company continued to grow at explosive rates through further tower acquisitions, new tower construction and organic growth on its acquired tower portfolio across the U.S. Currently, GTP owns more than 3,500 towers and manages more than 6,100 rooftop tower sites.
Ganzi’s timing of the market has always been impeccable. As the CEO of GTP, he seizes the windows of opportunity. He is also able to succeed in times when others fail. GTP was founded on the heels of the telecommunications turmoil in the early 2000s; then defied the market with its growth and success during a period following great uncertainty with respect to the financial stability of telecommunication carriers and the telecommunication tower industry.
GTP continues to realize double-digit growth, margins above 65 percent, increased economies of scale and enhanced value while winning many accolades among private equity portfolio companies and the telecommunications space.
While its tower count is substantial, GTP also differentiates itself from its competitors by specializing in telecommunications sites on rooftops of buildings located in urban areas experiencing high network demand. Handheld wireless device users are naturally concentrated within major metro areas where the availability of land is limited. GTP invests no capital but manages these rooftops and pays a percentage of revenue to various buildings in urban areas in exchange for leasing the space atop the building roofs to carriers. The company has replicated the tower experience on the rooftop in a way that others have not.
How to reach: Global Tower Partners, (866) 487-8977 or www.gtpsites.com
