LOGIX Communications (“LOGIX”), a market-leading fiber-optic bandwidth infrastructure services provider based in Texas has completed the previously announced acquisition of Alpheus Communications (“Alpheus”), the company said.
The acquisition is a transformational event and establishes LOGIX as the largest independent fiber provider in Texas. LOGIX´s equity sponsor, Astra Capital Management, supported the company by the negotiation, execution and funding of the transaction.
With the completion of this transaction, LOGIX gains tremendous network scale and expands its offerings in Dallas, Austin, San Antonio, and Houston (the “DASH” markets). LOGIX now has over 5,800 route miles of network spanning 180,000 fiber miles, the company serves over 12,500 enterprise and carrier customers across the largest and fastest growing markets in Texas. In addition to connecting to 75 data centers in Texas, LOGIX operates its own high-performance data center facilities in the DASH markets.
The combined company was renamed LOGIX Fiber Networks, and as part of the transaction, David Dane became the Chief Executive Officer of LOGIX, succeeding Interim CEO Matthew Murphy, Co-Founder and Partner of Astra Capital Management.
LOGIX Fiber Networks is a well-established Texas-based provider of telecommunications services since 1983. The company focuses on providing highly secure fiber-based data and voice services to enterprise and carrier customers. LOGIX is known for its outstanding customer service and providing commercial services in a few days to a couple of weeks. LOGIX has developed streamlined and flexible processes to allow customers to focus on their business first. For more information, visit www.logix.com.
Astra Capital Management is a Washington, D.C.-based private equity firm that invests in growth businesses in the communications and technology services sectors. Astra targets highly scalable companies with proven business models that have positive free cash flow and significant growth potential. Post investment, Astra works closely with managers to drive value creation through strategic repositioning, revenue growth, and operational enhancements. For more information, visit www.astracapitalmgmt.com.
Portfolio Advisors, located in Darien, CT, is an independent, private markets investment specialist founded in 1994 with more than USD 20 billion in assets under management. Portfolio Advisors provide tailored private equity, private real estate and private credit investment solutions through commingled funds and custom advisory solutions via primary partnerships, secondary purchases, co-investments and direct mezzanine investments. For more information, visit www.portad.com.