Team

Mr. Lilly has been working closely with private equity investors for the majority of his career. Prior to joining Triangle in December, 2005, Mr. Lilly spent six and a half years with SpectraSite, Inc., which prior to its sale in August, 2005, was the third largest independent wireless tower company in the United States. Prior to that Mr. Lilly was in the Media & Communications Group with First Union Capital Markets (now Wells Fargo & Company).

At SpectraSite Mr. Lilly served as Senior Vice President-Finance & Treasurer as well as Interim Chief Financial Officer, prior to the company’s sale to American Tower Corporation in a $4 billion transaction. During his time at SpectraSite, the company grew from a start-up entity to an investment grade company with over $400 million in annual revenue. From 1999 to 2005 Mr. Lilly was directly responsible for raising approximately $5.2 billion of capital in numerous private and public equity and debt financings, including over $1.7 billion in a successful initial public offering and four successful secondary public equity offerings, approximately $1.2 billion in multiple high yield bond transactions, and over $2 billion in syndicated senior debt transactions.

At First Union Mr. Lilly served as Vice President where he specialized in arranging financings for high growth, financial sponsor driven companies across the media and telecommunications sectors. During his time at First Union, Mr. Lilly arranged over $3.5 billion in financings for companies in the following industries: wireless communications, wireless towers, wireline communications, radio & television broadcasters, publishers, cable television providers, and internet service providers.

Mr. Lilly is a graduate of Davidson College and has completed the executive education program at the University of North Carolina’s Kenan-Flagler School of Business. Mr. Lilly’s civic activities have included serving on the Board of Directors of the Wake County Boys & Girls Club, the Methodist Home for Children, The John Rex Endowment, and the North Carolina Museum of Art Foundation.