Arcadia Towers was formed in 2005 for the purpose of developing, owning, and operating wireless communications towers throughout select markets in the U.S. Prior to forming Arcadia, founder Sam Johnston was Managing Director at Lattice Communications, LLC, a middle market tower company, which was sold in December of 2004 for $115 million. In 2014, Arcadia Towers completed a $5 million equity financing with Kern Whelan Capital, LLC, a San Francisco based Investment Company. Jay Kern, co-founder and general partner of Kern Whelan, was the orginal equity sponser of Arcadia Towers. Together with the $5 million equity financing completed in 2014, Arcadia secured a $5 million credit facility with Texas Exchange Bank. Today, Arcadia has a portfolio of high quality tower sites and optioned property available for site development located throughout the Midwest. Arcadia’s commitment to responsiveness enables wireless service providers to reduce the time from search ring generation to on-air date.
Arcadia Towers is based in Cincinnati, OH.
Partner and Co-founder of Arcadia Towers since 2005. Prior to Arcadia, Sam co-founded Lattice Communications, LLC in 1997 and continued to serve as its Managing Director of Sales and Marketing until the company was sold in 2004. At Lattice, Sam was responsible for the company’s leasing, marketing, and sourcing of new tower development opportunities, as well as performing site and market due diligence for acquisitions. While at Lattice, the company grew to 350+ towers. Sam spent his early career in management roles in the Cable TV industry.
Partner of Arcadia Towers since 2013. Prior to Arcadia, Greg launched the Large Corporate Banking division for Huntington National Bank. At Huntington, Greg established and developed syndicated banking relationships throughout the Midwest for public and private corporations with revenues in excess of $1 billion. Greg's experience includes project management, real estate development, risk management, financial analysis, syndications, and capital markets. Greg spent his early career with Fifth Third Bank and GE Capital.
Kern Whelan Capital, LLC manages a diversified investment portfolio stretching from new ventures to established and profitable businesses across many industry sectors. Kern Whelan partners with outstanding management teams for the long term, and is opportunistic about investor capital return whether through M&A, IPO, recap, dividend, or otherwise. For more information, visit www.KernWhelan.com.