Grande Towers (GTC) has signed an agreement to acquire certain towers from Altice USA.

The company was light on the specifics of the deal, not disclosing financial terms of how many tower assets it has acquired as part of the agreement.

Tower company Grande said it expects the transaction to close early in the third quarter of 2025.

Grande said it will expand its tower portfolio to more than 200 across the US.

"We are thrilled to announce this milestone transaction," said Tony Peduto, CEO of Grande Towers.

"The addition of these high-quality tower assets aligns with our long-term strategy of scaling our infrastructure to meet the evolving needs of our carrier partners and customers. GTC's team has extensive expertise working with towers previously owned by cable television operators, such that customer deployments will be quick and not disruptive to customers."

GTC is backed by investment firm Norwest, which launched the company last year.

"This transaction represents a transformational moment for Grande Towers and the broader wireless infrastructure landscape," added Dave Zilberman, general partner at Norwest. "We believe Grande Towers is well-positioned to lead in this increasingly connected world."

The tower company was co-founded by Peduto and Clarence Cook and operates towers in Florida, Georgia, Illinois, New Jersey, North Carolina, Oklahoma, and South Carolina.

Peduto previously founded CTI Towers in 2011, where he worked as CEO until 2021. Before this, he was COO of Optasite until the company’s sale to SBA Communications Corp.