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Transaction creates $100 Million National Provider of Structured Wiring Systems
October 22, 1999
ACS Communications, Inc. of Austin, Texas, a majority-owned investment of Behrman Capital, announced today that it has acquired ICG Fiber Optic Technologies, Inc. (FOTI) of Denver, Colorado from ICG Communications, Inc. Terms of the transaction were not disclosed. Both ACS, which operates under the name ACS Dataline, and FOTI are leading regional providers of structured cabling infrastructures. Denver-based ICG Communications Inc. is a provider of telecommunications and data communications services.
Commenting on the transaction, Albert Sawyer, Chief Executive Officer of ACS Communications, Inc., said, “This transaction expands ACSÕs reach into Colorado, California and the Northwest, rapidly growing markets for the communications components that we provide. The combined company will be a substantial player in the industry, have over $100 million in revenues, and is well positioned to service Fortune 1000 companies that prefer a single vendor to cover multiple locations.
Behrman Capital, a private equity firm based in New York and San Francisco, is the majority shareholder of ACS Communications, Inc., and will maintain its majority shareholder position in the combined company.
Established in 1986 and headquartered in Denver, Colorado, Fiber Optic Technologies, Inc. is one of the largest providers of structured cabling infrastructures in the United States. Known in the industry for the quality of its service, FOTI maintains regional offices in Portland, Seattle, Los Angeles, Dallas and San Francisco, with satellite operations in the Northwest, Southwest, and Central States.
Founded in 1985 and headquartered in Austin, Texas, ACS Dataline specializes in the design, installation, testing and maintenance of structured cabling infrastructure. The Company operates in Dallas, Houston, San Antonio, El Paso, Phoenix and Nashville, and is among the largest of the firms in its industry. The Company has a client base of more than 1,000 customers, including long-term relationships with many leading Fortune 500 companies.
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Darryl G. and Grant G Behrman. The firm invests in management buyouts of growth companies in the information technology, health care, and outsourcing sectors, and makes strategic investments in special situations. Behrman also provides expansion capital to emerging growth companies, principally in the high technology and health care services industries. The firm currently has a combined capital base exceeding $641 million.