Customer Resources Speed Test Pay My Bill Customer Service Wait Time:
Call Us Today 800-444-0258
Work Time 24 hours
2950 N. Loop W. 8th Floor Houston, TX 77092
Close
2950 N. Loop W. 8th Floor Houston, TX 77092
800-444-0258 info@logix.com

LOGIX Communications (“LOGIX”), a telecommunications company that specializes in fiber-based enterprise voice and data services, today announced the completion of definitive agreements to be acquired by an investor group led by Washington, D.C.-based private equity firm Astra Capital Management (“Astra”).

LOGIX is a facilities-based provider of business-focused communications services in Texas and Oklahoma. Through its owned and leased network, LOGIX serves over 11,000 enterprise customers in its six core markets. With approximately 1,000 miles of dense fiber and connections to more than 2,500 buildings, LOGIX provides its enterprise customers high bandwidth services with a superior level of customer care.

“I am very excited about LOGIX’s next phase of growth,” said Ron Henriksen, founder and chairman of the board of LOGIX. “I’m extremely proud of the successes achieved by the management team led by CEO Matt Asmus, and I believe that under Astra’s partnership, LOGIX will continue to build a state-of-the-art network and provide superior customer service.”

Astra partner Matt Murphy said, “LOGIX Communications is a proven leader in its core Texas and Oklahoma markets. We look forward to continuing to expand the company’s fiber footprint and build a world-class regional broadband leader.”

Astra provides capital and expertise to communications and technology companies to enable their growth and expansion and is uniquely positioned to support LOGIX’s continued success. Astra partners Matt Murphy and Mark Johnson have decades of experience growing operations of and managing investments in vibrant companies in the broadband sector. Prior to co-founding Astra, Murphy served as president of Grande Communications and was previously SVP of corporate development for Atlantic Broadband, and Johnson was a managing director and global partner at the Carlyle Group with previous experience at Blackstone and Level(3) Communications.

The transaction will be financed through a combination of equity contributions by investment funds affiliated with Astra, Wafra Investment Advisory Group and DB Private Equity, a division of Deutsche Asset & Wealth Management and committed debt financing from Brightwood Capital Advisors. The transaction is subject to customary regulatory closing conditions.

Waller Capital Partners served as exclusive financial advisor to LOGIX.

Add Comment

Your email address will not be published. Required fields are marked *