EarthLink - M&A Summary, Ownership, and Business Overview

CommunicationsCompany

EarthLink M&A Summary

EarthLink has acquired 21 companies of its own, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

EarthLink’s largest acquisition to date was in 1999, when it acquired Mindspring Enterprises for $1.7B. EarthLink has acquired in 9 different US states. The Company’s most targeted sectors include information technology (43%) and communications (34%).

EarthLink Ownership

Who owns EarthLink?

EarthLink is owned by Trive Capital. It was acquired on January 3, 2019.

Is EarthLink PE-backed?

Yes. EarthLink is owned by private equity investor Trive Capital.

EarthLink Business Overview

Where is EarthLink headquartered?

EarthLink is headquartered in Atlanta, Georgia.

What is EarthLink’s revenue?

EarthLink disclosed revenue of 1,097M USD for 2015 and 1,176M USD for 2014.

How many employees does EarthLink have?

EarthLink has 2,144 employees.

What sector is EarthLink in?

EarthLink is a communications company.

When was EarthLink founded?

EarthLink was founded in 1994.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity21
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

EarthLink

EarthLink Holdings Corp.

980 Hammond Drive, NE Suite 400,
Atlanta, Georgia 30328
United States,
(404) 815-0770
www.earthlink.net

EarthLink provides internet access, premium email, web hosting, and privacy and data security products and services throughout the United States. EarthLink also has key partner relationships with several of the industry’s largest providers, enabling the Company to offer products and connectivity services available to millions of households nationwide. EarthLink was formed in 1994 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 18 - - - 1 2 21
vol $3.1B $3.1B
Sell (0.0/yr) # 1 - - - - - 1
  22

Most Recent M&A

Company Date Value Type
BroadAspect - Fiber-Optic & Fixed Wireless Network 2024-04-02 - Divestiture
Sterling, Virginia
QX.net 2024-02-20 - Add-on Acquisition
Lexington, Kentucky · www.qx.net
One Ring Networks, Inc. 2023-08-18 - Add-on Acquisition
Athens, Texas · www.oneringnetworks.com
Boston Retail Partners LLC 2016-07-14 - Add-on Acquisition
Boston, Massachusetts · www.bostonretailpartners.com
EarthLink - IT Services Business 2016-02-01 - Divestiture
Atlanta, Georgia
CenterBeam, Inc. 2013-06-17 22M USD Add-on Acquisition
Sunnyvale, California · www.centerbeam.com
Synergy Global - IT Solution Center & Hosted Application Business 2011-10-27 - Divestiture
Buffalo, New York
xDefenders, Inc. 2011-09-16 - Add-on Acquisition
Pittsford,, New York · www.xdefenders.com
Business Vitals, LLC 2011-08-02 - Add-on Acquisition
Columbia, South Carolina
Logicalsolutions.Net, Inc. 2011-05-30 - Add-on Acquisition
Rochester, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 9 (43%) 2.2B (71%) 1 (100%) -
Communications 7 (33%) 886M (29%) - -
Business Services 1 (5%) - - -
Electrical Equipment 1 (5%) - - -
Internet Software and Services 1 (5%) 14M (< 1%) - -
Software 1 (5%) - - -
Technology Hardware 1 (5%) 5M (< 1%) - -
Total 21 $3.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 21 3.1B 1 -
  Georgia 6 2.4B 1 -
  New York 3 - - -
  California 3 27M - -
  Virginia 2 308M - -
  Massachusetts 2 370M - -
  Florida 2 - - -
  Texas 1 - - -
  South Carolina 1 - - -
  Kentucky 1 - - -
Total 21 $3.1B 1 -

Top M&A Advisors

Financial Deals
Greenhill & Co., Inc.
1
Legal Deals
King & Spalding LLP
1

Deal Values

buy # Total
> $1B 1 $1.7B
$100M to $1B 4 $1.3B
< $100M 3 $41M
TOTAL $3.1B
Largest Mindspring Enterprises Inc.
$1.7B (1999-09-23)

M&A Connections

Deals
Acquired from
Investor(s)
10%
2 (10%)
Strategic(s)
10%
2 (10%)
Divested to
Strategic(s)
100%
1 (100%)

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