The consolidated broadband company created when alternative asset firm TPG acquired RCN, Grande Communications, and Wave Broadband today has announced another acquisition — EnTouch Systems, a provider of high-speed internet, video, voice and home security services to the Houston area. The transaction is expected to close by the end of the year.
A press release about the acquisition refers to the consolidated company as “RCN, Grande, Wave” and notes that the company’s Texas footprint already includes Dallas, Austin, San Antonio, Corpus Christi, Waco and Midland/Odessa.Upon closing, the transaction will add approximately 22,000 customers in Texas.
TPG Broadband Acquisitions
In 2017, TPG Capital, TPG’s global private equity platform, acquired RCN and Grande Communications, as Telecompetitor reported. In 2018, the organization completed its acquisition of Wave Broadband, creating the sixth largest cable provider in the U.S. Now a nationwide broadband service platform, the organization provides high-speed internet, broadband, digital TV, phone services and fiber optic offerings for residential and business customers across the United States.
“Since the combination of RCN, Grande and Wave, our company has seen tremendous growth,” said Jim Holanda, CEO of RCN, Grande, Wave, in a prepared statement. “The addition of EnTouch is a natural next step, expanding our fiber rich network by 1,400 miles and adding 22,000 residential and business customers in the largest city in Texas. As a group, we will continue to provide consumers top-notch customer service, great products and unparalleled choice and control.”
RCN, Grande, Wave added that entering Houston will solidify the companies’ presence in 8 of the top 10 designated market areas in the U.S.
“EnTouch Systems is excited to become a part of the family of companies with RCN, Grande and Wave,” said Sam Luxton, EnTouch president and CEO, in a prepared statement. “This transaction provides EnTouch with access to nationally recognized technical expertise, highly regarded operational management systems and processes, and unparalleled financial acumen to further the re-building and re-imagination of EnTouch that began in 2018. Moreover, this transaction is great for our customers and the communities we serve. Our shared commitment to provide customers with innovative connected solutions coupled with our common belief that every customer matters makes this a natural fit.”
