Private equity investment groups continue to drive consolidation, as well reshuffle, ownership of fiber and wireless broadband networks, other assets and business portfolios across the U.S. Houston, Texas-based LOGIX Communications yesterday announced a definitive agreement to acquire Alpheus, a provider of metro and regional fiber, data center and managed network solutions to wholesale carrier and enterprise-scale business customers in Texas. Financial terms and conditions of the LOGIX Alpheus acquisition were not disclosed.
LOGIX Alpheus Acquisition
The acquisition of Alpheus will add 2,800 route-miles of long-haul and more than 1,900 route-miles of metro fiber to LOGIX’s existing networks in Texas, according to a press release. The transaction is expected to close in this year’s fourth quarter upon legal review and being granted regulatory approval.
Once Alpheus is assimilated, LOGIX will be one of the largest fiber network operators in Texas, serving more than 12,300 carrier and enterprise-scale corporate customers with a range of products and services that span data and voice services, managed services and data center services. That encompasses “an extensive fiber footprint” in Austin, Dallas, Houston and San Antonio – four of the fastest growing cities in the U.S., LOGIX interim CEO and Astra Capital Management partner Matt Murphy touted.
LOGIX operates in Oklahoma, as well as in Texas. The company was acquired by a group of private equity companies led by Washington, D.C.-based Astra Capital Management in June 2016.
Alpheus is owned by private equity investors, as well: The Gores Group and CEO Scott Widham. “By combining operations with LOGIX, we are creating a powerful regional provider of scale in Texas,” Widham was quoted.
“The combined networks and products will allow us to offer the very best to our carrier and growing enterprise customer base. LOGIX shares our dedication to superior, locally based customer care teams and total commitment to network reliability. Together, we anticipate strong growth and success for our clients and employees.”
Astra Capital managing partner and LOGIX board member Mark Johnson highlighted that Alpheus’s fiber broadband network complements LOGIX’s operations, more specifically with the addition of significant fiber network assets, five data centers, managed services, a wholesale business line, an agent channel and a base of high quality customers in Texas.
A wave of industry consolidation and asset reshuffling continues to sweep across the U.S. Washington State’s Wave on Jan. 20 announced it had acquired Cascade Networks, gaining more than 350 route-miles to its West Coast fiber network.
Wave’s fiber broadband network connects more than 50 data centers and delivers gigabit fiber commercial and residential broadband services on the West Coast, management highlighted.
Cascade provides fiber and wireless Internet, VoIP telephone and co-location facilities to enterprise and smaller scale business customers, as well as broadband Internet, VoIP and TV services to residential customers in the greater Longview, Wash. and Clatskanie, Oregon areas.