Crown Castle’s Acquisition of Tower Development Corporation

On April 8, 2016, Crown Castle International Corp. announced its acquisition of Tower Development Corporation (“TDC”) for approximately $461 million in cash. Cravath served as co‑counsel to Crown Castle in connection with this transaction. TDC, a portfolio company of Berkshire Partners, owns and operates 336 towers in the U.S. and Puerto Rico.

The Cravath team was led by partner Stephen L. Burns and associate Nicholas A. Dorsey on M&A matters and partners Andrew W. Needham and Christopher K. Fargo and associates Joyce Y. Kim and Arvind Ravichandran on tax matters. Devon A. Klein also worked on M&A matters.