An investor syndicate organized by Platform Partners, LLC (“Platform”), WP Global Partners, Tiger Infrastructure Partners, and Meritage Funds (the “Investor Group”) announced on July 15th their follow-on investment in SmartSky Networks LLC (“SmartSky” or the “Company”).
Established in 2011, SmartSky is creating the first 4G-LTE based, Air-to-Ground communications network in the U.S. to provide next generation in-flight (or Wi-Fi) connectivity to the aviation industry. The Company intends to use the proceeds from this growth equity financing to fund capital requirements relating to the commencement of network deployment activities for the launch of its service in early 2017.
This marks the second investment Platform and the Investor Group has made in SmartSky as the Company continues to execute on its business plan.
“We remain delighted to be partnered with Platform,” said Haynes Griffin, Chairman and CEO of SmartSky. “Platform’s experience in growing communications infrastructure and aviation businesses, particularly at American Tower and Landmark Aviation, has provided a unique perspective as we continue to build the nation’s leading Air-to-Ground in-flight connectivity service to the aviation industry.”
“SmartSky has continued to achieve significant milestones,” added Fred Lummis, Chairman of Platform. “We are confident that SmartSky will provide a service that will be superior to the existing options currently in the market. We remain excited to be involved in the buildout of a major communications infrastructure project run by a first class management team.”
About SmartSky Networks LLC
SmartSky Networks, headquartered in Charlotte, N.C., was formed in 2011 and is comprised of senior aviation and telecommunications executives seeking to leverage disruptive communications technologies to transform aviation. In conjunction with leading aerospace and technology partners, SmartSky will take flight later this year and will complete its nationwide network by mid-2017. For more information, visit www.smartskynetworks.com.
About Platform Partners, LLC
Platform Partners is a private holding company based in Houston that makes investments in middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. For more information, please visit http://www.platformllc.com.