Trive Capital has announced that it has closed on the sale of EarthLink, to a family office consortium consisting of WaveDivision Capital, The Pritzker Organization and Stephens Capital Partners, in partnership with EarthLink’s management team. Headquartered in Atlanta, Georgia, EarthLink is one of the largest internet service providers in the United States, serving over 500,000 internet and managed services customers nationwide. Through partnerships with several of the nation’s largest fiber and 5G providers, EarthLink has built an asset-light, nationwide network that can offer fiber internet service to more than 68 million homes.
Shrieve Chemical Company, a portfolio company of Gemspring Capital and a leading global distributor of specialized chemicals serving a broad range of end markets, announced that it has acquired Research Solutions Group, a distributor, blender, and recycler of industrial solvents and specialty chemicals headquartered in Pelham, Alabama. Terms of the transaction were not disclosed. Founded in 1971, RSG has built a strong reputation across the Southeastern United States for industrial solvents, custom solvent blends, and specialty chemical products, complemented by solvent recycling and waste management services.
An affiliate of Oberndorf Real Estate Management, in partnership with The Bascom Group, LLC, announced the acquisition of Museum Park Apartments, a 117-unit Class B+ multifamily property located at 465 West San Carlos in San Jose, CA for $53.1 million. Museum Park Apartments Museum Park Apartments Built in 2002, the three-story garden-style community spans 12 buildings across three acres. The floor plans range from one- to three-bedroom apartments, which at a blended 1,035 SF per unit, are large relative to both the market and newly developed properties.
