Key Takeaways
- • Trive Capital, a Dallas-based private equity firm, has closed a deal to sell internet service provider EarthLink to a family office consortium.
- • The buyer group includes WaveDivision Capital (Washington state), The Pritzker Organization (Chicago, tied to the Pritzker family), and Stephens Capital Partners (Arkansas, managing investments for the Stephens family).
- • Trive Capital will retain a minority stake in EarthLink following the transaction.
- • The source material does not disclose the purchase price or deal terms.
Summary
Trive Capital, a Dallas-based private equity firm, has closed on a deal to sell the internet provider EarthLink, according to the original report by The Derrick, with coverage also appearing in Dallas News.
The buyer is a family office consortium comprising three investors: WaveDivision Capital, a Washington state-based investment firm; The Pritzker Organization, the Chicago-based private investment firm tied to the billionaire Pritzker family; and Stephens Capital Partners, an Arkansas-based private equity firm that manages investments for the prominent Stephens family.
Trive Capital will retain a minority stake in EarthLink after the sale, meaning the firm remains invested in the business alongside the new owners. The available reporting does not specify the transaction value or the proportion of ownership held by each consortium member.
The transaction represents a change of control for EarthLink, with family office capital now taking the majority position. Readers seeking valuation details or financing terms should consult the original filings or subsequent coverage.
The buyer is a family office consortium comprising three investors: WaveDivision Capital, a Washington state-based investment firm; The Pritzker Organization, the Chicago-based private investment firm tied to the billionaire Pritzker family; and Stephens Capital Partners, an Arkansas-based private equity firm that manages investments for the prominent Stephens family.
Trive Capital will retain a minority stake in EarthLink after the sale, meaning the firm remains invested in the business alongside the new owners. The available reporting does not specify the transaction value or the proportion of ownership held by each consortium member.
The transaction represents a change of control for EarthLink, with family office capital now taking the majority position. Readers seeking valuation details or financing terms should consult the original filings or subsequent coverage.
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