From Pulse 2.0 · Amit Chowdhry · · 1m 10s
WaveDivision, Stephens Capital, Pritzker Acquire EarthLink
WaveDivision, Stephens Capital, and The Pritzker Organization acquire EarthLink to expand broadband services nationwide.
In brief
WaveDivision, Stephens Capital, and The Pritzker Organization acquire EarthLink to expand broadband services nationwide. WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization acquire EarthLink to expand broadband services nationwide. Originally reported by Pulse 2.0.
Acquisition Announcement
WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization partner with EarthLink’s management to acquire the Atlanta-based internet service provider serving over 500,000 customers nationwide.
Investor Strategy
The investor group plans to expand EarthLink’s geographic reach, strengthen fiber and 5g network partnerships, and broaden internet connectivity options for residential and small business customers.
Leadership Structure
WaveDivision Capital’s Steve Weed will work with EarthLink’s management team and other investors to support strategic development.
EarthLink’s Business Model
EarthLink operates an asset-light broadband business model relying on partnerships with fiber and 5g providers rather than building its own nationwide network.
National Reach
EarthLink offers fiber internet service to over 68 million homes nationwide through established telecommunications networks.
Continued Partnership with Trive
Trive Capital retains a minority investment to continue supporting EarthLink’s growth alongside new investors.
Future Plans
EarthLink aims to expand into new markets while improving customer experience and offering broadband products balancing quality, affordability, and reliability.
The headline
WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization acquire EarthLink to expand broadband services nationwide.
