Windstream Sells EarthLink To Trive Capital

Windstream sells EarthLink to Trive Capital for $330 million.
   
Windstream merged with EarthLink in a $1.1 billion deal in February 2017. 
   
The intent was to mesh complementary networks and increase scale.  Windstream pushed hard to grow geographically in the middle of a cultural shift away from landlines. 
   
Tony Thomas of Windstream said: 'This transaction enables us to divest a non-core segment and focus on our two largest business units.  Also, it improves our credit profile and metrics in 2019 and beyond.'
  
The legacy EarthLink business offers internet access, online back-up, managed web design, web hosting, and email services to 600,000 customers.  
   
Conner Searcy of Trive Capital said: 'We are excited to partner with and support the EarthLink management team in continuing to offer great products and services available to millions of households in the United States.  We intend to offer extra resources and access to deep industry relationships to help grow the brand in the coming years.'

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