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uBreakiFix is an American chain of electronic repair shops, founded in 2009 with over 832 locations in 2016 across the United States and the Caribbean. [1] [2] [3] They are most commonly known for repairing all kinds of household electronics. [4] In August 2019, uBreakiFix was acquired by Asurion, LLC, an insurance company. [5]
In August 2019, Asurion acquired uBreakiFix, a national phone and electronics repair chain. [13] In 2018, Asurion borrowed $3.75 billion via two leveraged loans, the proceeds of which were to be funneled to the PE firms that acquired the company in 2007. The two loans brought the company's total term loans to $11.3 billion. [14]
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