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Everest Infrastructure Partners
Tim Johnson's Everest Infrastructure Partners acquires wireless towers and telecom real estate across the US and New Zealand.
Everest Infrastructure Partners
Everest Infrastructure Partners launched in 2019 with a specific thesis: that fragmented ownership of wireless communications infrastructure would consolidate around scaled, professionally managed portfolios. Tim Johnson, previously a director at a boutique telecom advisory firm, structured Everest to acquire, build, and manage towers, rooftops, and small-cell sites — the physical layer carrying mobile data traffic. The firm operates in the US and New Zealand, two markets where zoning barriers and structural demand growth give incumbent site owners durable pricing power. Everest targets mid-market and carrier-originated site portfolios, often acquiring assets that major tower companies overlook. The firm has completed multiple portfolio acquisitions from regional operators, including a notable purchase of New Zealand towers from Spark NZ. Its asset mix spans macro towers, rooftop installations, and distributed antenna system sites — all long-duration infrastructure with contracted, escalator-linked lease revenue from investment-grade tenants. The firm funds acquisitions through a combination of institutional equity and project-level debt, maintaining a capital structure suited to long hold periods and tenant lease renewals. Everest maintains a lean organizational structure, with investment and operations teams working from Pittsburgh. The firm's New Zealand presence, established through its acquisition activity, gives it geographic diversification uncommon among US-focused tower aggregators. In recent periods, the firm has continued to execute bolt-on acquisitions and greenfield development projects across both markets.
General information
Firm type
Asset Manager
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Pittsburgh
Corporate office
Pittsburgh, PA, United States
Principals
Timothy Johnson
Chief Executive Officer
Matt Newton
Chief Financial Officer
Sector focus
Frequently asked questions
What type of infrastructure does Everest Infrastructure Partners own?
Everest focuses on wireless communications infrastructure — primarily macro cell towers, rooftop antenna installations, and distributed antenna system (DAS) sites. These assets generate revenue through long-term lease agreements with telecom carriers, broadcasters, and other wireless service providers. The firm also develops new sites to meet carrier densification needs, particularly for 5G network expansion.
How does Everest Infrastructure Partners source its acquisitions?
Everest targets fragmented, mid-market portfolios often sold by regional wireless carriers, tower developers, and smaller private owners. It competes with larger public tower companies but focuses on transactions where its speed of execution and sector specialization provide an edge. The firm also builds new sites under pre-negotiated anchor tenant commitments.
Is Everest Infrastructure Partners a family office or an institutional fund manager?
Everest operates as an institutional asset manager, raising capital from external limited partners rather than managing a single family's wealth. The firm deploys committed capital into infrastructure assets through closed-end fund structures. It earns management fees on committed capital and carried interest on realized returns, following a standard private equity infrastructure model.
Which geographic markets does Everest Infrastructure Partners serve?
Everest owns and operates assets in the United States and New Zealand. The New Zealand expansion came through portfolio acquisitions from established telecom operators, including Spark NZ. Both markets share characteristics Everest values: high barriers to new tower construction, stable regulatory environments, and growing mobile data consumption.
What is Everest's typical hold period for a tower asset?
Wireless towers are ultra-long-duration infrastructure, and Everest structures its funds with investment periods and hold horizons aligned to the asset class. Individual tower leases typically run five to ten years with renewal options, while the underlying land easements can extend for decades. The firm's business model anticipates holding assets through multiple lease cycles and carrier technology upgrades, rather than flipping portfolios for short-term gains.
Who runs investment decisions at Everest Infrastructure Partners?
Investment decisions are led by CEO Tim Johnson, who founded the firm with a career background in telecommunications mergers and acquisitions. The firm maintains a centralized investment committee that evaluates acquisition opportunities, development projects, and portfolio-level capital allocation. Key investment personnel combine operating experience in tower management with transaction execution capabilities.
How does Everest compete with larger tower companies like American Tower or Crown Castle?
Everest operates in a segment of the market that larger public tower companies often bypass: smaller, less marketed portfolios and carrier-led dispositions where transaction certainty and closing speed matter more than scale. Everest can also build-to-suit towers in locations where a single anchor tenant commitment de-risks the project. The firm's cost of capital differs from public REITs, but its sourcing strategy targets assets where its position as a dedicated, focused buyer provides an advantage.
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