Trive Capital Completes Sale of EarthLink to Family Office Consortium
Trive Capital has completed the sale of EarthLink, LLC to a family office consortium comprising WaveDivision Capital, The Pritzker Organization, and Stephens Capital Partners. Based in Atlanta, Georgia, EarthLink is one of the largest internet service providers in the U.S., serving over 500,000 customers through partnerships with major fiber and 5G providers. Since Trive's investment in 2018 as part of a corporate carveout, EarthLink has evolved from a declining DSL business into an asset-light connectivity platform. The company now offers internet services to over 68 million homes nationwide via expanded fiber and 5G solutions. Management emphasized the importance of customer service and affordability while transforming one of the most trusted brands in the industry. Trive expressed pride in its partnership with EarthLink's management team, highlighting their role in building a differentiated platform outside of former public ownership structures.
