Achieving Value Through Creative Solutions

 

Alpina Capital is an investment banking firm offering customized approaches to achieving value. We specialize in mergers, acquisitions, private placements of equity and debt, restructuring and advisory services for both domestic and international companies in the telecommunications markets.

 
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$3 Billion

Valued Transactions

$800 Million

Mergers, Acquisitions, & Capital Formation

250+

Secondary Market Spectrum Transactions

 

$1 Billion

Tower Transactions

$5M – $500M

Deal Size

17 Years

Preeminent Advisory Firm in Wireless Spectrum Since 2006

 
 
 

Specialized Investment Banking Services


 
 
 

Mergers & Acquisitions

 

Solid strategies for executing complex merger and acquisition transactions.

Leveraging operational, financial and investment expertise, our team focuses on strategy, valuation, transaction structure and execution.

 
 
 

Strategic Advisory

 

Overall capital structure review, fairness opinions and business valuations.

With our focus on maximizing value for our clients, we provide strategic direction on the proper mix of debt and equity capital and have extensive experience assessing the value of a company and detailing the facts of a merger or acquisition.

 
 
 

Financial Restructuring

 

Commercial debt restructuring, divestitures, corporate reorganizations and bankruptcy.

Drawing on our wealth of first-hand experience, each partner works to address operational and capital structure elements from both an internal and external point of view.

 
 
 

Capital Formation

 

Identification of financing sources, structures and optimal terms of private placement financings.

We utilize our extensive capital markets expertise to implement successful financing solutions. Striving for the optimal financing option on every deal, Alpina brings firsthand knowledge from both sides of the transaction.

 
 
 

Telecommunications Industries Focus


 

Telecom

Alpina constantly monitors the pulse of the telecommunications industry and anticipates critical change. From shifting technology and consumer demands to legislation and regulatory policy, our team actively participates in the telecommunications sector and understands the many complexities facing the industry. Cable providers, wireless carriers, cooperatives, and ILECs consider Alpina Capital a trusted and valued financial advisor.

Our team brings strong insight and fundamental skills to the telecommunication industry, capitalizing on opportunities, risks and imbalances within the markets. An in-depth understanding of industry challenges and opportunities drives our strategic advisory services, including advice on restructuring, private equity and debt placements, and mergers & acquisitions. Alpina has arranged the successful sale of and completed valuations in transactions ranging from small, individual transactions, to large complex multi-entity engagements.

 
 
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Wireless Spectrum

Alpina Capital is a leading bank in spectrum transactions, completing over 200 transactions valued at more than $3 billion over its tenure in the industry. The combination of industry knowledge and execution strength provides our clients with a proven and committed partner in the growth and support of their businesses, providing concrete solutions whether through network expansion or multilayered strategic initiatives.

 
 
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Tower Infrastructure

Alpina’s tower infrastructure team possesses in-depth transactional expertise in the industry dating back to its inception in the mid ‘90s. Our commitment and understanding of sector-specific challenges and opportunities set us apart. Decades of knowledge in structures, tax ramifications, technical specifications, documentation, overall economic impact, and profit maximization, provide unparalleled value for our clients.

Experience, active participation, and relationships with industry leaders uniquely position Alpina Capital to provide comprehensive representation for tower developers and wireless carriers owning their own tower infrastructure for restructuring, private equity and debt placements, and merger & acquisition assignments.

 
 
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Fiber

The evolution, expansion and proliferation of fiber within telecommunications has had a significant impact on improvement in the capacity, speed and delivery of broadband content. With experience that includes working with some of the world’s most respected telecom and financial companies, Alpina Capital is uniquely positioned to provide clients with an in-depth level of operational understanding and integrity as a financial advisor. In this complex and constantly-evolving environment, Alpina delivers a significant level of insight into the needs of each client, achieving extensive strategic value throughout the deal process.

 
 
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Technologies

Formed in 2005, Alpina Capital provides clients in emerging and evolving technologies with innovative analysis and anticipation of the forces of change, while maintaining a clear emphasis on creating value for clients. Our operational experience in various methodologies from finance to planning to accounting to buying to operations, in addition to our extensive relationships with investors in diverse industries, enables us to fully understand our clients’ businesses and effectively articulate their strategic value. Alpina Capital’s financial expertise and varied experience in industries as diverse as manufacturing, retail, publishing, outdoor, sports, health and beauty, and apparel, has proven to be easily transferable to complex industry sectors. Alpina’s continued initiatives in emerging sectors such as data centers, SaaS, Cloud and IoT, have had positive impact on performance and growth.

 
 
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Selected Transactions

 

 
 
 
CLIENT TRANSACTION DETAILS
Mi-Fiber, LLC Alpina Capital assisted Mi-Fiber, LLC in a tower transaction with American Tower LLC.
NEIT Wireless, LLC NEIT Wireless, LLC sold tower assets to American Tower LLC. Alpina represented the seller.
Spectrum Financial Partners, LLC Sold two 600 MHz licenses in Bozeman, MT to Sagebrush Cellular, Inc.
FTC Communications, LLC Sold ninety-three towers to Vertical Bridge REIT, LLC.
Apex Towers, LLC Sold fifteen towers to American Towers, LLC.
AT&T, Inc. Sold more than 1,100 towers to Peppertree Capital Management, Inc.
Cellular South Licenses, LLC Sold three PCS F-Block licenses in TN and AR to AT&T.
Golden West Telecommunications Cooperative, Inc. Sold nine towers in South Dakota to Crown Castle Towers 09 LLC.
Tristar License Group, LLC Sold nine AWS-3 licenses to Verizon.
Community Digital Properties LLC Sold eight towers in northeast Iowa to American Towers LLC.
TowerCO Secures $300 million equity commitment from Peppertree Capital Management
Nsight Spectrum, LLC Sold three PCS licenses & two AWS A-Block licenses in Michigan and Minnesota to AT&T
Iowa Network Services , Inc. Sold three PCS F-Block licenses in Iowa to US Cellular
Orion Wireless LLC Sold sixteen AWS-3 licenses throughout the U.S. to Verizon
 
 
 

An Experienced, Trusted, and Proven Team

 

 
 
 

Having previously founded, managed and owned companies in the financial, energy, media and communications sectors, we provide knowledgeable and creative solutions along with an exceptional transaction closure rate. Our team brings strong insight and fundamental skills to the telecom industry, capitalizing on opportunities, risks and weaknesses in the market. The combination of industry knowledge and execution strength provides our clients with a proven and committed partner in the growth and support of their businesses.

Our accomplished team of professionals assists clients with a range of services centered on the telecommunications industry.

Every assignment receives the active involvement, unparalleled expertise, and unwavering integrity of our senior partners. By consistently demonstrating an expert ability to craft effective and comprehensive solutions to complex business problems, Alpina builds client trust, maintains confidentiality and achieves value.

With experience that includes working with some of the world’s most respected financial and multi-national companies, the team at Alpina Capital provides clients with an in-depth level of operational understanding and integrity in the financial advisory industry. This awareness equips us with an exclusive level of insight into the needs of each client, achieving extensive value throughout the deal process.

 
 
 

Scott Soden

Managing Principal

Direct: 303.242.5758
Mobile: 303.883.2552
scottsoden@alpinacapital.com

Mr. Soden has more than 35 years of financial and deal-making experience in the telecommunications and media industries, working with independent telecommunications networks, mobile phone and wireless carriers, and consumer print properties. His skilled representation has led to the completion of over 250 transactions with an aggregate value of more than $3 billion. Mr. Soden has also held executive-level positions at SFP Publishing and Vidal Sassoon S.M. He qualified and competed in the 1988 Summer Olympic cycling trials.

Scott Soden
 
 
 

Ted Koerner

Managing Director

Mobile: 303.947.9184
tedkoerner@alpinacapital.com

Ted Koerner has 35 years of extensive banking experience, including financing communications companies in wireline, wireless, cable, transport, tower, and data center sectors. He was a leader at CoBank, a large infrastructure and agriculture lender, for nearly 22 years. While there, he led the Rural Infrastructure Banking Group, five divisions focused on Communications, Power, Project Finance, Electric Distribution, and Water. Prior to this, he led CoBank’s Communications Banking Division, with a team of nineteen professionals. Mr. Koerner earned a BA from Colorado College, an MBA in finance from the University of Washington, and an MA in economics from New York University.

Ted Koerner
 
 
 

George Woodward

Director

Direct: 303.242.5751
Mobile: 720.272.9405
georgewoodward@alpinacapital.com

Since joining Alpina in 2019, George has worked on a variety of transactions, ranging from mergers and acquisitions to equity capital raises. George has focused on the wireless infrastructure space working with tower owners, and has participated in the execution of several spectrum asset sales. George received B.S./B.A. degrees in both Finance and Accounting, as well as a minor in Economics, from the University of Colorado Leeds School of Business. Prior to joining Alpina, George worked as a fly fishing guide in Jackson Hole, Wyoming and managed a premier fly fishing lodge in Mexico.

George Woodward
 
 
 

Ehret (Rhett) Faircloth

Financial Analyst

Direct: 303.242.5754
Mobile: 720.560.9925
ehretfaircloth@alpinacapital.com

Rhett received his B.S.degree in Systems Management from The United States Military Academy at West Point. Upon graduation he served in the United States Army as a Logistics Officer where his responsibilities included contract acquisition and government contract oversight. His operations roles also included personnel and budget management. Rhett attended the U.S. Army Airborne School and deployed in support of Operation Inherent Resolve and Operation Spartan Shield. Prior to working at Alpina, Rhett worked as a Consultant for Oracle NetSuite where he helped businesses implement NetSuite Accounting and ERP Software. Rhett was a member of the West Point Army lacrosse team, serving as Captain his senior year.

 
 
 

Emily Germond

Operations Director

Direct: 303.242.5752
Mobile: 205.910.1552
emilygermond@alpinacapital.com

Emily Germond is the Operations Director at Alpina Capital. Since joining in early 2021, Emily oversees day-to-day operations and provides marketing assistance and due diligence to the firm. Emily's background in hospitality, customer service and smallbusiness solutions ensures essential support for our clients. Emily is originally from Birmingham, Alabama and attended the University of Alabama in Tuscaloosa. Since her time in Colorado she has become an avid snowboarder, hiker and backpacker.

Emily Germond
 
 
 

Sandy Koerner

Compliance Consultant

Mobile: 303.704.0910
sandykoerner@alpinacapital.com

Sandy Koerner provides marketing, industry analysis and due diligence support to Alpina. Sandy has 20 years of design, marketing, and teaching experience in the apparel industry. As a Planning Director at Saks Fifth Avenue she oversaw businesses worth more than $250 million. Sandy also taught at F.I.T., a division of State University of New York. Ms. Koerner has a Masters of Business Administration degree from New York University and earned a Bachelor of Fine Arts degree from Washington University.

Sandy Koerner
 
 
 

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