Meritage Backs Wireless Infrastructure Firm

Denver-based investor Meritage Funds is backing a Seattle-based developer of wireless antenna carrier networks for the cell phone infrastructure market. According to private equity firm Charterhouse Group, Meritage invested $10M in a preferred stock investment alongside its own, $20M investment in Newpath Networks. NewPath's services are used to extend cell phone coverage in areas where conventional towers are impractical. More information »