Strategic Venue Partners Secures Brookfield Investment and Expanded Credit Facility to Drive Growth in In-Building Wireless Infrastructure
Strategic Venue Partners, Inc., a leading wireless infrastructure firm specializing in complex in-building distributed antenna systems (DAS) and comprehensive wireless technology solutions, has recently secured significant funding to further its mission of providing seamless wireless connectivity to various sectors.
The company, founded in 2017 by industry veterans Rich Grimes and Chad Aaron, has been backed by Tiger Infrastructure Partners, a New York-based infrastructure private equity firm that invests in growing infrastructure platforms. However, in a recent development, Strategic Venue Partners announced that it has received funding from Brookfield Corporation, marking a significant milestone in its growth trajectory.
The funding transaction, which took place on December 11, 2024, included participation from Brookfield Corporation as a new investor. This investment is a minority equity stake in Strategic Venue Partners, aimed at leveraging the increasing demand for in-building wireless (IBW) infrastructure. The company has issued equity in the transaction, further solidifying its financial foundation.
This strategic investment by Brookfield Corporation underscores the rising market demand for Strategic Venue Partners’ unique wireless connectivity-as-a-service model. The company provides comprehensive lifecycle management of wireless systems, crucial for functions across various sectors, including healthcare, hospitality, and higher education. The investment validates the company’s approach to delivering end-to-end solutions that help customers navigate the complexities of the wireless infrastructure market.
In addition to the equity investment, Strategic Venue Partners has also secured a material upsizing of its existing Revolving Credit Facility. This involves current and new commercial bank lenders, further enhancing the company’s financial capabilities to capitalize on the growing demand for in-building wireless solutions.
Justin Marron, CEO of Strategic Venue Partners, highlighted the strategic importance of this investment and the expanded credit facility. He noted that it not only validates the company’s business model but also positions it to meet the increasing demand for seamless wireless connectivity in various industries.
Strategic Venue Partners’ innovative approach includes a focus on underserved markets, leveraging its industry-leading resources and strategic relationships to innovate in-building wireless infrastructure for venues and enterprises. The company’s core competencies involve engineering, design, construction, and management of wireless infrastructure technology solutions for major enterprise real estate assets as well as for wireless carriers.
With this funding, Strategic Venue Partners is poised to strengthen its wireless connectivity-as-a-service model, providing long-term technology solutions to enterprise venues without requiring initial or future capital investment. The company assumes 100% of the future technology risk for wireless infrastructure systems, ensuring date and time certainty of an operational system that is not wireless carrier dependent.
This development marks a significant step forward for Strategic Venue Partners, reinforcing its position as a leading provider of comprehensive wireless infrastructure solutions. The company’s commitment to delivering innovative and reliable wireless connectivity solutions aligns with the evolving needs of various industries, positioning it for continued growth and success in the wireless infrastructure market.