InSite Wireless Group Appoints Rich Grimes COO of DAS and Small Cells Group, Acquires Capital Tower Group Assets

Alexandria, Virginia, UNITED STATES

ALEXANDRIA, Va., June 22, 2015 (GLOBE NEWSWIRE) -- 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.

About Richard M. Grimes

Rich Grimes has over 20 years of experience in senior leadership positions in wireless telecommunications infrastructure design, development and project management at strategic venues throughout the United States. Rich's extensive experience includes nine years with AT&T in various national director positions and four years as investment committee chairman of a wireless infrastructure investment company. Rich earned his B.A. in English at Santa Clara University, a Juris Doctor law degree from Western State University College of Law, and is a Stanford University Certified Project Manager (SCPM).

About InSite Wireless Group, LLC

InSite Wireless Group, LLC develops, owns, operates and manages communications wireless infrastructure facilities for the wireless and broadcast industries. InSite's distributed antenna system (DAS) and small cells division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in public facilities and complex environments. InSite has developed and currently operates more than 22 projects across the United States in convention centers, casinos, airports, sports stadiums, and transit systems like the Boston MBTA Subway and the Los Angeles County Metro. InSite's tower division is one of the largest privately owned U.S. tower companies and develops, manages, owns, and operates more than 1,200 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, the U.S. Virgin Islands, and Canada.


Contact Data