Atlanta, GA (February 6, 2018) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment, Eco-Site II, LLC. The Company, based in Raleigh, NC, is a newly formed company focused on the development of wireless communications sites. Eco-Site II was formed to continue the wireless tower build strategy originally established through Eco-Site, LLC in 2012.

“With demand for wireless capacity increasing dramatically, Eco-Site is well-positioned to continue recent momentum and make an even bigger impact in this space,” says Barry Boniface, an MSouth Partner. “Their exceptional growth rate and strong execution validate our trust in the team and their approach, and we look forward to supporting the next chapter in the Eco-Site story.”

“As 5G standards gain approval, the industry will begin a technology shift with decades-long effects for wireless network capabilities,” says Dale Carey, the Company’s CEO. “The strength of our approach, coupled with this latest round of funding, positions us well to capitalize on our platform to drive our next phase of growth.”

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $150 million.  Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience.  MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership.  A key element of MSouth's investment strategy is partnering with proven management teams to create value.  With $1.3 billion under management across three funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.