Dallas-based Likewize has received an investment from San Francisco-based Genstar Capital, the company announced today.
Genstar will join New York-based Brightstar Capital Partners in leading the tech protection and support company's next phase of growth.
“Over the last two years, our singular focus has been to become the world’s leading tech protection and support company and this investment is testimony to the transformation that has occurred," Rod Millar, CEO of Likewize, said in a news release. "We are excited to have Genstar’s experience and team alongside Brightstar’s as we embark on the next chapter of the company’s evolution. We have come a long way in resolving people’s tech problems painlessly, but there is so much more to come."
The transaction is expected to close in the first quarter of 2023 and is subject to customary closing conditions. New York-based Jefferies LLC represented Genstar as its lead financial advisor in the transaction with New York-based Citi representing Brightstar and Likewize.
“We are excited to partner with Rod and the exceptional Likewize team, as well as Brightstar, as the company continues to benefit from the increasing demand for device protection, repair, warranty and related solutions,” Ryan Clark, president and managing partner of Genstar, said in a news release. “We have significant experience in the warranty product space and look forward to helping Likewize deliver on its strategy and achieve its full growth potential.”
