Quebec’s Caisse de dépôt buys stake in U.S. cell tower company

MONTREAL and BOCA RATON, FL - Canadian institutional investor La Caisse de dépôt et placement du Québec (CDPQ) has reached an agreement to acquire a 30% stake in the main operating subsidiary of Vertical Bridge Holdings, the largest private owner and operator of communications infrastructure in the United States. Financial terms of the transaction were not disclosed.Vertical Bridge said that it will use CDPQ’s investment to expand its portfolio of broadband and broadcast towers, small cells, real estate and other wireless infrastructure assets ahead of the rollout of 5G. After over 250 acquisitions since its inception in 2014, Vertical Bridge...