TPG Capital directly acquired RCN, leading to its eventual integration into what is now known as Astound Broadband.
The Acquisition and Formation of Astound Broadband
In a series of strategic moves, the private equity firm TPG Capital executed the acquisition of RCN, which later became a foundational part of a larger broadband enterprise.
The timeline of RCN's acquisition and subsequent integration is as follows:
| Date | Acquirer | Acquired Company | Result/Note |
|---|---|---|---|
| August 2016 | TPG Capital | RCN and Grande Communications Networks | TPG Capital completed the acquisition of both RCN and Grande Communications, marking the initial takeover of RCN. |
| May 2017 | TPG Capital | Wave Broadband | Following the initial acquisitions, TPG Capital expanded its portfolio by acquiring Wave Broadband. |
| Post-May 2017 | TPG Capital | Merger of RCN, Grande, and Wave | TPG Capital subsequently merged RCN, Grande Communications, and Wave Broadband to create a unified, larger entity. This consolidated operation became the sixth-largest cable operator in the United States. |
This combined entity, encompassing the operations of RCN, Grande, and Wave, now operates under the brand name Astound Broadband. This means that while TPG Capital was the company that initially took over RCN through acquisition, RCN now functions as part of the broader Astound Broadband network.
Astound Broadband continues to evolve its services, focusing on advancements like fiber-based broadband technology to serve its customer base across various regions. For more information, you can explore updates on Astound Broadband.
