Chesapeake Towers Development, LLC

51 Monroe Street

Plaza East 7

Rockville, Maryland 20850-2403


Chesapeake Towers Development, LLC is a Washington, D.C. area based communications tower management company formed to manage wireless communications towers in the continental United States. Chesapeake's managers and operating professionals have over 130 years of combined experience in the wireless and communications tower industries.

Currently Chesapeake is the manager of Liberty Towers, LLC (Liberty), which develops and acquires wireless communications towers in the continental United States. Please visit Liberty’s website to view our growing tower inventory.

Chesapeake's Core Competencies include

Tower Site Analysis and Selection

Greenfield Tower Site Development
Selected Build To Suit Opportunities

Municipal Property Tower Site Development
Selected Tower Acquisitions
Strategic Tower Site Development Partnerships




Our Management Team consists of the following Well Known and Respected Professionals


Michael E. Hofe – Founder, President and COO, Managing Director

Mr. Hofe has been involved in the wireless telecommunications industry for the past 25 years, participating in every aspect of system design, deployment and on-going operations.  At Chesapeake, Mr. Hofe is the President & COO and is responsible for the day-to-day operations of the company to support of Sales, Marketing, and Business Development, as well as its new tower development activities, regulatory compliance and due diligence for potential development activities.

 Prior to co-founding Chesapeake, Mr. Hofe was a founder of Integrated Site Development Company (ISDC), a leading East Coast-based telecommunications engineering and construction firm.  ISDC was sold to Clear Holdings, Inc. in 1997 where Mr. Hofe held several senior positions as the company grew to over 600 employees and held an Initial Public Offering.   Additionally, Mr. Hofe was a founding management team member of Horizon Cellular Group, a highly successful cellular Rural Service Area (“RSA”) owner/operator that was sold in 1997 in various transactions for value in excess of $570 million.  At Horizon, Mr. Hofe was responsible for the design, implementation and operation of the company’s network assets, including the day-to-day operation of several hundred tower sites.  Since 1999, Mr. Hofe has also served as a Managing Director of ForceNine, LLC, a finance and consulting firm which caters to the telecommunications industry.

 In addition to these accomplishments, Mr. Hofe has been an industry consultant and is often invited to speak at various industry conferences.  Mr. Hofe holds several Federal Communications Commission Licenses, including a Lifetime General Radiotelephone Operator license, and he is a past member of the National Association of Tower Erectors Safety and Education Committee.


B. Eric Sivertsen – Founder, CEO & Managing Director

An attorney, Mr. Sivertsen has over 20 years experience in financing, acquiring, managing, developing and otherwise operating communications towers and other telecommunications businesses.  At Chesapeake, Mr. Sivertsen is the CEO and responsible for the oversight of the Company’s administrative and legal activities, along with the raising of equity and debt capital. In early 1990, Mr. Sivertsen co-founded and served as Executive Vice President and a member of the Board of Directors of TeleCom Towers, which grew into a company that owned approximately 400 towers and managed over 2,000 other sites.  TeleCom Towers was sold to American Tower (NYSE) in 1999 for a value in excess of $200 million. 

 In addition to his activities with Chesapeake, Mr. Sivertsen serves on the Board and advises several communications companies including RCC Consultants, LLC, one of the leading communications consulting firms in the country, with expertise in the design, development and implementation of public safety telecommunications systems and InSite MediaCom, LLC, an outdoor advertising company.  Since 1999, Mr. Sivertsen has also served as a Managing Director of ForceNine, LLC, a finance and consulting firm which caters to the telecommunications industry.


Clark T. Madigan – Founder & Managing Director

In the late 1980’s, Mr. Madigan identified communications towers as one of the main infrastructure components of the wireless industry with similar growth prospects as the wireless carriers, but with much higher operating margins.  In early 1990, Mr. Madigan co-founded and served as President of TeleCom Towers, along with Mr. Sivertsen.  Over the last six years, Mr. Madigan has also consulted with a number of small independent tower companies.

Mr. Madigan is a past Chairman of the Site Owners and Managers Division of PCIA, and has appeared frequently as a speaker on panels related to the finance and operations of tower companies.  Since 1999, Mr. Madigan has served as a Managing Director of ForceNine, LLC, a finance and consulting firm which caters to the telecommunications industry. From 1999 to  present, Mr. Madigan has served on the Boards of Westburg Media Capital Corp., Sierra Towers Investment Group, LLC (Mexico), Shared Towers Sites, LLC, Bay Communications, LLC, Mariner Towers LLC, and Real User Corporation.


Robert Ivanoff – Vice President of Marketing and Business Development

Mr. Ivanoff has over 30 years in the wireless communications industry with a diverse background that includes marketing, business development, product and system development, system design and construction, debt and equity financing and wireless company turnarounds.  He has held senior marketing and business development positions at Crown Castle, Verizon Wireless, Panasonic and General Electric Company.  He managed the design, build and day to day operations of Bachtel Cellular.  Bachtel Cellular built and operated 6 rural and metro market areas and was founded by Bachow and Associates, a boutique private equity company.

Mr. Ivanoff is a frequent speaker at industry marketing and financial conferences.  He is also the founder and President of Copper Hill Ventures, LLC a marketing consulting and investment company.  He also holds a BSEE from Lafayette College and an MBA from Lynchburg College.


Samuel C. Kraus – Director of Program Management

Mr. Kraus has spent over 30 years in the communications industry in the areas of engineering and program management. As the Director of Program Management for Chesapeake, he is responsible for overseeing all project management, construction, and engineering operations. In addition, he is responsible for the creation and monitoring of all company program management and engineering procedures and policies. Mr. Kraus also creates all project critical path method schedules and monitors the job costs on all company construction projects.

A graduate civil engineer, Mr. Kraus has worked for Grasis Corporation; Wagner, Hohns & Inglis; Minerich, Inc., and o2 Wireless Solutions. He has managed the construction of hundreds of communication sites in the US, as well as managing projects in Saudi Arabia, Central America, and the north slope of Alaska. A partial list of Mr. Kraus’ previous clients includes: Sprint, Xcel Energy, Cricket Communications, MCI, Norfolk Southern Railroad, Motorola, Cingular, Santa Fe Railroad, Cinergy, Union Electric, and the US Department of Energy.  


Edward T. Richardson – Sr. Project Manager

Mr. Richardson has worked in the Wireless & Telecommunications industry for more than 17 years. In his current capacity with Chesapeake, he manages the day-to-day operations of all towers to include maintenance, repair, and lighting as well as oversees new tower site construction.  

Prior to Chesapeake, Mr. Richardson was employed by SBA Network Services working under the parent SBA Towers. There he was involved directly with new tower builds and tenant additions on SBA and other existing towers, adding wireless infrastructure throughout the Northeast region.  Before that, Mr. Richardson worked for o2Wireless Solutions, a publically traded Wireless Telecommunications & Construction firm based in Atlanta, Georgia. There he coordinated the engineering and deployment of a 700 site PCS carrier network, along with managing new installations for various wireless carriers.  Additionally, he managed an RF Safety project for a major tower site management firm gathering data and completing reports on 65 plus wireless sites across the country.

From 1990 to 1996 Mr. Richardson was employed by companies such as Alcatel, Sprint and Atlantic Cellular in various Engineering and Management capacities operating and maintaining Retail centers, cell sites, cellular switches and microwave transmission systems. 

Mr. Richardson holds degrees from The Pennsylvania State University in Telecommunications Technology and Electrical Engineering Technology.  He has been previously involved with the National Association of Tower Erectors in an associate capacity on the RF Safety Committee.