Tachus, LLC, one of the fastest-growing fiber-to-the-home (FTTH) internet providers in Texas, on Jan. 28 announced that it has passed over 50,000 homes and has closed on additional capital, bringing the total capital raised to date to over $190 million. This has been accomplished in a little over three years since its founding in late 2018.
In October 2021, Tachus announced a significant growth equity investment from its current financial sponsor, Houston-based Crosstimbers Capital Group. Since then, a syndication of Houston-area banks co-led by Hancock Whitney Bank and Woodforest National Bank have upsized Tachus’ senior credit facility with both existing and new lenders. Between both equity and debt, Tachus has raised a total of over $190 million. The company said it will use this capital to accelerate its fiber network expansion across the Greater Houston area, with plans to pass an additional 100,000+ homes by the end of 2023 and roll out its best-in-class broadband offerings to businesses along its network.
While much has changed since its founding in 2018, The Woodlands, Texas-based company notes it has remained true to its core mission to bring faster, more reliable internet service to communities in the Greater Houston area, with an emphasis on transparency and customer relationships. Plus, with now over 130 employees, growing from 73 employees in January 2021, Tachus is bringing high-paying jobs to the local community.
To accommodate this continuing, robust growth, Tachus recently moved its company headquarters to 3831 Technology Forest Blvd. in The Woodlands. This new workspace will provide an ideal environment for Tachus employees to continue building a unique relationship with its customers and communities, the company said.
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“Tachus is proud to serve the communications and entertainment needs of residents in the Greater Houston area with our powerful fiber Internet technology,” said Tachus Chief Executive Officer Hal Brumfield. “Today, we are particularly excited to announce two major milestones. First, more than 50,000 Houston-area homes now have access to Tachus’ best-in-class fiber Internet. Further, we are delighted to announce that we have a greater number of local partners on board who recognize the full potential of the Tachus brand and who wish to share in our continued success.”
“Over the past year, Tachus has taken a number of significant steps to best position the company for rapid growth as we seek to expand into new markets,” said Tachus Chief Strategy Officer Carter Old. “With this added capital from our outstanding financial partners, we are both accelerating the pace of our overall home passings and expanding our geographic focus around the Greater Houston area.
“We are also very excited to be launching a new business offering, as there are a number of small-to-medium businesses along our network routes who have been patiently awaiting our service. In addition, there are several other strategic initiatives in the works that we look forward to formally announcing later this year,” Old added.
Visit www.tachus.com for more information.