Trive Capital completes sale of EarthLink to investor consortium
Dallas-based private equity firm Trive Capital has finalized the divestiture of internet service provider EarthLink to a group led by WaveDivision Capital, The Pritzker Organization, and Stephens.
Trive Capital announced the completion of the sale of EarthLink on October 20, 2026. The internet service provider, which has undergone significant operational shifts in recent years, will now be held by a consortium comprising WaveDivision Capital, The Pritzker Organization, and Stephens.
The transaction marks an exit for Trive Capital, which acquired EarthLink to focus on the provider's transition toward next-generation connectivity solutions. The acquisition by the consortium signals a potential change in ownership strategy for the ISP as it continues to navigate an increasingly competitive telecommunications market.
Financial terms of the transaction were not disclosed. The move follows a period of consolidation within the regional internet service provider landscape as firms look to scale infrastructure for residential and commercial fiber growth.