Internet Provider EarthLink Acquires One Ring Networks
Trive Capital ("Trive"), the Dallas, TX-based private equity firm has announced that EarthLink, a leading internet service provider delivering access to more homes and small businesses than any other ISP and a Trive portfolio company, has acquired One Ring Networks, one of the largest Fixed Wireless providers of voice and data services in the United States.
The acquisition will allow EarthLink to expand its business platform capabilities and portfolio of products and services including high-speed business internet. One Ring holds a significant market share across Arizona, California, Georgia, Maryland, and Texas, delivering high-speed, fixed wireless internet service and other communication services to businesses and consumers. The acquisition closed on June 30, 2023. John Jenkins, President of One Ring Networks, will serve as the newly appointed President of EarthLink Business Services.
Glenn Goad, CEO of Earthlink, said, "We are excited to partner with One Ring and accelerate the rollout of EarthLink Business Services. This combination represents a compelling growth opportunity in the high-speed business internet market, and EarthLink and One Ring will utilize the key advances in Fixed Wireless Access (FWA) technology to better serve our customers."
"EarthLink and One Ring's strategy is to continue to expand the leading platform in the industry both organically and through future acquisitions across the U.S. to better serve the Company's large and growing customer base," said John Jenkins, President of EarthLink Business Services. "With our combined commitment to providing business and consumer customers with the best in communication services, we will continue to be one the largest, fastest-growing, and top-ranked service providers in the industry."
Shravan Thadani, Partner at Trive Capital, noted, "EarthLink and One Ring are highly complementary businesses and together will provide ultra-reliable, high-speed internet services to businesses and consumers nationwide. Significant advances in FWA technology support One Ring's offering and will enable EarthLink to take its Business Services capabilities to the next level for its customers."
SOURCE Trive Capital