M&A Deal Summary

Logix Fiber Networks Acquires Alpheus Communications

On May 30, 2017, Logix Fiber Networks acquired communications company Alpheus Communications from The Gores Group

Acquisition Highlights
  • This is Logix Fiber Networks’ 1st transaction in the Communications sector.
  • This is Logix Fiber Networks’ 1st transaction in the United States.
  • This is Logix Fiber Networks’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-05-30
Target Alpheus Communications
Sector Communications
Buyer(s) Logix Fiber Networks
Sellers(s) The Gores Group
Deal Type Add-on Acquisition

Target

Alpheus Communications

Houston, Texas, United States
Alpheus Communications LLC is a provider of high bandwidth transport, Direct Internet Access (DIA) and data center services for carrier, government and enterprise customers. With owned facilities in Dallas-Fort Worth, Houston, San Antonio, Austin, Corpus Christi and the Rio Grande Valley, Alpheus is flexible, content-neutral and responsive to customer needs when low-latency and uptime are essential. As the preferred fiber backbone for Metro Texas, Alpheus is in a unique position to support mission-critical information technology functions and cloud computing solutions through resilient SAS 70-compliant data center platforms for colocation and disaster recovery. Alpheus Communications was founded in 2000 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Logix Fiber Networks

Houston, Texas, United States
Category Company
Founded 2002
Sector Communications
DESCRIPTION

Logix Fiber Networks is an operator of the fiber-rich, competitive telecom company that leverages over three decades of expansion, innovation, and investment to provide a wide range of communications services to business customers in large and fast-growing metro markets in Texas and Oklahoma. Logix Fiber Networks was founded in 2002 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 54 of 66
Sector (Communications) 10 of 11
Type (Add-on Acquisition) 25 of 30
State (Texas) 4 of 4
Country (United States) 41 of 52
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 Fotona

Ljubljana, Slovenia

Fotona is a manufacturer of high-performance lasers for medical, dental, and aesthetic applications. The company sells these systems through a network of 70+ worldwide distributors and through a direct sales force in the United States. Fotona was established in 1964 and is headquartered in Ljubljana, Slovenia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 AMI

Bristol, Pennsylvania, United States

AMI is a developer, manufacturer, and marketer of touchscreen countertop entertainment systems and software. The company’s proprietary touchscreen systems contain a “jukebox” of interactive games centered on trivia, strategy, cards, and sports/action categories. AMI was founded in 1977 and is based in Bristol, Pennsylvania.

Buy -
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