Logix Fiber Networks

We are pleased to announce the successful recapitalization of Logix Fiber Networks (Logix or the company). Houlihan Lokey advised Logix on the transaction, which significantly reduced total debt and included $45 million of new investment from O’Connor Capital Solutions (OCS).

Logix is a Texas-based internet service provider offering business and wholesale fiber connectivity solutions throughout the Dallas, Austin, San Antonio, and Houston (DASH) markets. The company operates an extensive metro fiber network in the DASH markets and maintains several unique long-haul fiber routes across Texas.

The transactions were led by funds managed by OCS and supported by Logix’s first-lien lenders, including funds managed by Main Street Capital Corp. The transaction materially reduced the company’s debt and added $45 million in new capital. The financial strength and operational discipline position Logix to roll out 800G wave connectivity, enhance its infrastructure in high-growth markets, and deliver unmatched service for carriers, hyperscalers, and enterprises across Texas.

As part of the transaction, Greg O’Connor has been named Chief Executive Officer of Logix. A seasoned executive with more than 25 years of experience across wireless and wire line operations, Mr. O’Connor brings a unique blend of operational leadership and infrastructure expertise, having held senior roles at T-Mobile, Sprint, and Cogent Communications.

“There couldn’t be a more exciting time to lead Logix,” said Mr. O’Connor. “We have strong fiber assets in every major Texas market—and we’re just getting started. With demand for data exploding across industries, especially with the growth of AI and machine learning, we’re expanding our capabilities and our footprint to meet that need head-on. I’m proud to lead this next chapter and to build on the incredible foundation the Logix team has laid.”

Houlihan Lokey served as the exclusive financial advisor to Logix.

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