Gores Acquires Texas Telecom BusinessThursday, December 8, 2011
The Gores Group on Thursday said that it has completed the acquisition of Alpheus Communications, one of the largest fiber network and data center operators in Texas.
The Westwood investment firm headed by billionaire financier Alec Gore said Houston-based Alpheus operates more than 2,800 route miles of long haul fiber, and almost 3,250 metro route miles. It serves the Dallas/Fort Worth, Houston, Austin and San Antonio metropolitan areas.
“Alpheus provides us with a tremendous opportunity to expand upon our current telecommunications holdings, particularly our fiber and high bandwidth transport services businesses,” said Ashley Abdo, Gores Group managing director, in a statement. “In addition to the network assets, the deal brings additional sales and operational experience that will help us continue to expand our holdings.”
Gores Group also announced that Scott Widham, a media and telecom entrepreneur for more than 30 years, has been appointed Alpheus’ new chief executive. The investment group said it is considering combining Alpheus with an existing Gores portfolio firm, First Communications.
Financial terms of the deal were not disclosed. Alpheus was owned by Genesis Park L.P. and El Paso Corp.