InSite Wireless Group acquires DAS and telecommunications assets from Capital Tower Group

Tuesday, Jun 23, 2015

InSite Wireless Group, LLC (InSite), one of the largest privately owned tower and wireless infrastructure companies in the U.S., announces that industry veteran Richard M. Grimes, former Chief Executive and Co-Founder of Capital Tower Group, LLC (CTG), will join InSite as its Chief Operating Officer of 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," said 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."

"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 Rich 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."

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.

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