M&A Deal Summary

Grain Management Acquires Tachus

On May 5, 2021, private equity firm Grain Management acquired communications company Tachus

Acquisition Highlights
  • This is Grain Management’s 6th transaction in the Communications sector.
  • This is Grain Management’s 6th transaction in the United States.
  • This is Grain Management’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-05-05
Target Tachus
Sector Communications
Buyer(s) Grain Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bank Street (Financial)
Vinson & Elkins
Willkie Farr & Gallagher (Legal)

Target

Tachus

The Woodlands, Texas, United States
Tachus is a fiber broadband ISP company that believes customers deserve fast, reliable Internet that requires no explanation. In doing so, Tachus is revolutionizing the way residential customers receive their Internet, by offering unlimited, enterprise-grade data-only services at a lifetime fixed rate, all paired with local customer service. With a network that has passed over 26,000 homes and serves thousands of customers, Tachus continues to rapidly expand its residential fiber network to other parts of the Houston area. Tachus was formed in 2018 and is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

Grain Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Grain Management LLC is a private equity firm focused on the communications sector. The Firm looks to acquire assets and companies valued from $20 to $150 million and will consider opportunities throughout North America. Specific areas of interest include fiber, spectrum, cell towers, and other communications assets. Grain Management LLC was established in 2007 and is headquartered in Washington, DC.

DEAL STATS #
Overall 6 of 14
Sector (Communications) 6 of 12
Type (Buyout (LBO, MBO, MBI)) 4 of 8
State (Texas) 1 of 1
Country (United States) 6 of 13
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 WANRack

Lenexa, Kansas, United States

WANRack provides private fiber optic WAN solutions for K-12 school districts throughout the United States. Service offerings include E-Rate compliant lit fiber, dark fiber, and special construction solutions. WANRack was founded in 2005 and is based in Lenexa, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 NWS Wireless

Durham, North Carolina, United States

NWS Wireless is a logistics provider to carriers and telecommunications contractors. NWS Wireless provided a wide array of mission-critical services to the wireless telecommunications industry. The company has established itself as a critical partner to carriers, project managers, and general contractors through its expertise, quality of service, and ability to develop and deliver custom cabling solutions and equipment exactly when needed. NWS Wireless was founded in 2012 and is based in Durham, North Carolina.

Buy -
Mergr

Product

Company

Legal