In 2004, Genesis Park partnered with the El Paso Corporation to carve out a troubled telecommunications subsidiary. Genesis Park Partner, Paul Hobby, assumed the CEO role, rebranding El Paso Global Networks as Alpheus and transitioning it into a fully independent entity. Alpheus became the largest alternative fiber optic network in Texas through prudent use of leverage and disciplined re-investment of internally generated cash. Organically and through targeted M&A, Alpheus grew steadily through all types of economic conditions: purchase of a data center in Austin, acquisition of a data center operator in Dallas, and five major fiber optic cable transactions.
