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Logix Communications is acquiring fellow Texas-based competitive provider Alpheus Communications from its current private equity owners-The Gores Group and Scott Widham-to deepen its reach in Texas’ desirable DASH (Dallas-Austin-San Antonio-Houston) market.
Financial details of the acquisition were not disclosed, but Logix expects to close the deal in the fourth quarter of 2017. SunTrust Robinson Humphrey will serve as lead arranger and bookrunner for the acquisition financing.
Similar to other acquisitions in the competitive fiber space, Logix’s focus is on scaling its fiber network.
By acquiring Alpheus, Logix will add 2,800...