Likewize, a global provider of technology protection and support based in Dallas, Texas, has received a majority investment from Genstar Capital.
The transaction amount was not disclosed. The company’s management team and Brightstar Capital Partners will remain minority investors in Likewize.
The company plans to use the funds for business expansion and development efforts.
Led by CEO Rod Millar, Likewize provides comprehensive protection against all technology disruptions, including lost, stolen, damaged devices, malfunctions, upgrade needs, and general troubleshooting needs. Used by brands including carriers, financial institutions and retailers, the company operates in more than 30 countries and handles 250 million transactions each year across insurance, warranties, repairs, trade-ins, recycling and premium technical support. Solving the problem.
Commenting on the news, Rod Miller said: “Over the past five years, we have transformed into a global leader in technology protection and support. Genstar’s increased investment confirms their belief in our vision and potential. This deeper partnership will enable us to As we continue to push the boundaries of innovation, we can ensure that our platform remains an industry leader. We are expanding our capabilities and leveraging the vast market opportunities in the rapidly growing technology protection and support sector. I’m excited about what I feel like I’m in a good position to do.”
