March 28, 2025

Boca Raton, FL – March 27, 2025 – Connectivity Wireless, an M|C Partners backed platform and leading provider of in-building wireless solutions, today announced it has successfully secured a $110 million senior debt facility with an additional $30 million available at a later date led by First Citizens Bank. In addition, the company received a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital, further strengthening its financial position and fueling its continued venue network growth.

This strategic financing will enable Connectivity Wireless to accelerate the deployment of its cutting-edge in-building wireless infrastructure solutions, enhance operational capabilities, and support the increasing demand for high-performance connectivity across various industries, including sports/entertainment arenas, healthcare, commercial real estate, education, and hospitality.

“We are thrilled to have the support of First Citizens Bank, Post Road Group, and Boundary Street Capital as we continue our mission to deliver best-in-class wireless solutions,” said Paul McGinn, Chief Executive Officer of Connectivity Wireless. “This capital infusion will allow us to expand our reach, invest in new premier venue networks, and better serve our customers in an increasingly connected world.”

First Citizens Bank, a leading financial institution known for supporting high-growth companies, structured the senior credit facility to provide Connectivity Wireless with the flexibility needed to scale its operations and drive strategic growth initiatives. “Connectivity Wireless has established itself as a leader in the in-building wireless infrastructure space, and we are pleased to partner with them on this next phase of growth,” said Roger Fong, a managing director for the Technology, Media and Telecommunications Finance business at First Citizens Bank. The senior debt facility led by First Citizens Bank also included meaningful participations by CIBC Bank USA, Third Coast Bank, and Axiom Bank NA.

The $60 million growth investment was led by Post Road Group, an alternative investment advisory firm with a Corporate strategy focused on growing businesses that provide critical telecommunication and connectivity solutions. “We see tremendous opportunities in the inbuilding wireless infrastructure market, and Connectivity Wireless is well-positioned to capitalize on them,” said Gardner Horan, Managing Director at Post Road Group. “Our investment reflects our confidence in their leadership team, strong track record in the market, and ability to meet the ever-growing demand for seamless in-building connectivity.” Internal

 The transaction’s use of proceeds includes funding for system expansion as well as repayment of existing debt. “This financing marks an important milestone in the life of the company,” said Brian Clark, Managing Partner of M|C Partners, “With this funding, Connectivity Wireless has the capital needed to support years of future growth as it expands its venue footprint and strengthens its market position as a trusted provider of connectivity solutions.”

About Connectivity Wireless

Connectivity Wireless is a leading owner and operator of in-building wireless infrastructure, specializing in distributed antenna systems (DAS), small cells, and private networks. The company partners with the major wireless carriers, enterprises, commercial real estate owners, and municipalities to deliver high-quality, reliable connectivity to prominent venues throughout the United States. For more information about Connectivity Wireless and its services, please visit https://connectivitywireless.com/.

Media Contact:

connectivitywireless.com
888-591-9418

About First Citizens Bank

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.

About Post Road Group

Post Road Group is an alternative investment advisory firm that currently manages approximately $2.5 billion of capital across its four distinct, complementary investment strategies which include Corporate (Digital Infrastructure), Real Estate Credit Real Estate Equity, and Specialty Finance. Since its inception in 2015, the firm has committed and invested $3.5 billion of capital on behalf of institutional investors across the world. The firm is based in Stamford, CT. For more information, please visit https://www.postroadgroup.com/.

About Boundary Street Capital

Boundary Street, a Stonepeak Credit firm, is a private credit investment manager focused on providing flexible capital solutions specifically to lower middle market technology and Internal telecommunications businesses and backed by a team of investment professionals with decades of experience investing in these sectors. Boundary Street seeks to invest in durable, recurring revenue businesses providing the mission critical services that will drive economic growth, bridge the digital divide, and keep families and businesses connected. To learn more, visit www.boundarystreetcapital.com.

About M|C Partners

Based in Boston, Massachusetts, M|C Partners is a private equity firm focused on mid-size businesses in the digital infrastructure and technology services sectors. With over 30 years of experience and $2.5 billion invested in more than 150 companies, M|C Partners leverages its deep industry expertise to identify growth opportunities and partner with innovative companies. For more information, visit www.mcpartners.com.