Cell tower lessor Landmark Infrastructure LP files for a $50 million IPO

Landmark Infrastructure Partners LP, an MLP formed by Landmark Dividend to own cell towers, billboards and other leased property, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering.

The company counts March IPO CBS Outdoors (CBSO) among its customers.

The El Segundo, CA-based company, which was founded in 2014 and booked $14 million in sales for the 12 months ended June 30, 2014, plans to list under the symbol LMRK. Landmark Infrastructure Partners LP initially filed confidentially on August 6, 2014. Baird, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.