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Acquisition of Egan Realty Services (ERS)

News Release

Contact: Sarah-Beth Miller
National Business Development Manager

Raleigh, NC – Tower Engineering Professionals (TEP) announced today that it has acquired Egan Realty Services (ERS), a Charlotte, NC based site acquisition and project management company. TEP is known for its nationwide multi-discipline, turnkey engineering and construction services to which this strategic acquisition adds a deep level of site development experience. This acquisition promotes efficiency and streamlines TEP’s development approach to all stages of wireless projects.

“We are excited about the addition of the ERS team. They are a solid cultural fit, and that was really important to us. With an outstanding reputation and geographic reach, we feel great about this acquisition,” stated Andy Haldane, CEO & Co-Founder of TEP. “Over the past few years, various markets have been requesting that we offer site acquisition services in-house. We have been wanting to provide site acquisition services in-house for a while, however, we wanted to wait for the right company. We have been working alongside of Tom Egan and his team for many years and our team has enjoyed working with them. Bringing ERS on board feels like a natural progression and we are excited to be able to offer Tom and his team of highly skilled employees to our clients.”

Egan Realty Services is a leading site acquisition and project management organization in the Southeast that is known for its commitment to exemplary customer service and expertise in completing large and small-scale telecommunications projects. “As the wireless industry moves toward a turnkey model for site development services, we are very excited to be partnering with such a well-respected company. ERS and TEP have worked together for many years and share similar philosophies in terms of customer service and a commitment to delivering the highest quality product in the fastest time possible. We are looking forward to offering additional services to our existing clients and expanding TEP’s site acquisition capabilities across the country,” said Tom Egan, CEO of Egan Realty Services.

The acquisition of Egan Realty Services increases TEP’s size by 28 additional employees, bringing the company’s total workforce to over 380. TEP has offices in Raleigh, NC; Denver, CO; Phoenix, AZ; Charlotte, NC; Seattle, WA; Dallas, TX; Houston, TX; Tampa, FL; and Rockaway, NJ.

About Tower Engineering Professionals (“TEP”)
TEP, founded in 1997 and headquartered in Raleigh, NC, is one of the largest multi-discipline engineering and construction services firms primarily focused on serving the telecommunications industry. TEP employs over 380 employees, the majority of whom, are engineers serving independent and large, publicly-traded wireless communication and tower leasing companies.

TEP has a national footprint, with nine offices nationwide and maintains licenses in all 50 states and numerous U.S. Territories and Canadian Provinces. TEP offers structural, civil, and geotechnical engineering, inspection and mapping services, surveying, regulatory compliance, construction, and PM&E services for the telecommunications, broadcasting, utility, and renewable energy industries. For more information, please visit our website at www.tepgroup.net.

About Egan Realty Services (“ERS”)

ERS, founded in 1999 and based in Charlotte, NC, is a well-known site acquisition and project management company serving the telecommunications industry throughout the Southeast. ERS has an experienced staff of approximately 28 employees with various telecommunications backgrounds.

Christie Hall