Trive Capital, which purchased EarthLink from Windstream Holdings for $330 million, will remain involved in the business by retaining a minority stake. Financial terms of this latest transaction were not disclosed by the parties involved. The company currently serves more than 500,000 internet and managed services clients across the United States.
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WaveDivision and Partners Acquire Internet Provider EarthLink
A consortium led by WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization has reached an agreement to acquire EarthLink. The deal, which includes participation from the internet provider's existing management team, signals a major shift in ownership for the U.S.-based service company as it prepares for further expansion.
EarthLink maintains an extensive reach through various partnerships with fiber and 5G providers, currently offering service access to over 68 million homes nationwide. Chief Executive Glenn Goad stated that the company intends to utilize this new ownership structure to push into additional markets and scale its service offerings for both consumers and small business clients.
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