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Behrman Capital Acquires Majority Interest in ACS Communications, Inc.
Investment in Structured Cabling Services Company
Fifth For Behrman Capital’s $518 Million Buyout Fund
February 1, 1999
Behrman Capital, a private investment firm focused on emerging growth companies, today announced that is has become the majority shareholder of ACS Communications, Inc. The Company, which operates under the name ACS Dataline, is a leading provider of outsourced communications systems integration services for the Information Technology industry. Terms of the transaction were not disclosed.
Founded in 1985 and headquartered in Austin, Texas, ACS Dataline specializes in the design, installation, testing, and maintenance of structured cabling infrastructures. The Company operates in Dallas, Houston, San Antonio, El Paso and Phoenix, 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.
This transaction marks the fifth equity investment for Behrman Capital II L.P. The fund closed in January 1998 with total committed capital of $518 million.
“Over the past 13 years, ACS Dataline has used advanced technology and unrivaled expertise to develop a stable platform for growth,” said Robby Sawyer, chief executive officer of ACS Communications, Inc. “Behrman Capital’s investment will allow us to take significant steps to expand our service offerings and reach into new markets.”
“We are extremely pleased to join with the management of ACS Dataline in launching the next stage of sustained growth for the Company through this investment,” said Darryl G. Behrman, a Managing Partner of Behrman Capital. “ACS Dataline is a very strong player in a fragmented industry. We’re excited to contribute our resources and expertise to develop the full potential of the Company through both internal growth and acquisitions.”
Behrman Capital invests in management buyouts of growth companies focused on the information technology, health care services and outsourced manufacturing industries, as well as special situations. The firm also provides expansion capital to emerging growth companies, principally in the high technology and health care services industries.
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Darryl G. and Grant G. Behrman. The firm currently has a combined capital base exceeding $640 million.