LOGIX Fiber Networks Completes Acquisition of Alpheus Communications
Summary
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). Affiliates of SunTrust, Credit Suisse and Brightwood Capital provided the financing commitment and acted as joint lead arrangers on the debt placement. 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. Portfolio Advisors, located in Darien, CT, is an independent, private markets investment specialist founded in 1994 with more than $20 billion in assets under management.