Assurant (NYSE: AIZ), a global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases, acquired MMI-CPR LLC, which operates as Cell Phone Repair (CPR), one of the largest global franchisors of mobile device repair stores.
Assurant acquired CPR from a subsidiary of investment firm Merrymeeting Group and a third party. Financial terms of the transaction were not disclosed.
The company will continue to operate as a standalone company with the ability to innovate to meet consumer needs.
Cell Phone Repair (CPR) is a global franchisor of mobile device repair stores with more than 700 locations across several countries, the majority of which are in the US. The franchise specializes in a wide variety of electronic device repairs including smartphones, computers, laptops, game consoles, cameras and mp3 players. Stores also offer consumers the ability to sell and buy pre-owned devices at their local store.
Assurant is a global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases. A Fortune 500 company with a presence in 21 countries, the company offers mobile device solutions; extended service contracts; vehicle protection services; pre-funded funeral insurance; renters insurance and lender-placed homeowners insurance.