TPG Capital to add EnTouch Systems to its cable MSO portfolio
TPG Capital, through its cable MSO holdings RCN, Grande Communications, and Wave, revealed that it has agreed to purchase another MSO, EnTouch Systems, Inc. The cable network operator serves about 22,000 residential and business services in Houston, TX. Financial terms of the deal, which is expected to close this year subject to the usual conditions, were not disclosed.
EnTouch offers internet, video, voice, and home security services. Its Houston footprint complements that of Grande, which serves Dallas, Austin, San Antonio, Corpus Christi, Waco. TPG acquired RCN and Grande in 2018, then added Wave Broadband a year later to create what the company asserts is the sixth largest cable MSO in the United States (see “TPG Capital to acquire RCN Telecom, Grande Communications,” and “RCN/Grande closes Wave Broadband transaction”).
"Since the combination of RCN, Grande, and Wave, our company has seen tremendous growth," said Jim Holanda, CEO of RCN, Grande, Wave. "The addition of EnTouch is a natural next step, expanding our fiber rich network by 1400 miles and adding 22,000 residential and business customers in the largest city in Texas. As a group, we will continue to provide consumers top-notch customer service, great products and unparalleled choice and control."
"EnTouch Systems is excited to become a part of the family of companies with RCN, Grande and Wave," added Sam Luxton, president and CEO of EnTouch. "This transaction provides EnTouch with access to nationally recognized technical expertise, highly regarded operational management systems and processes, and unparalleled financial acumen to further the re-building and re-imagination of EnTouch that began in 2018. Moreover, this transaction is great for our customers and the communities we serve. Our shared commitment to provide customers with innovative connected solutions coupled with our common belief that every customer matters makes this a natural fit."
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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