Digital Leash L.L.C. d/b/a ProtectCELL completed an equity recapitalization with Fortegra Financial Corporation, a portfolio company of Summit Partners. Quarton Partners acted as the exclusive financial advisor to ProtectCELL.
ProtectCELL is a rapidly-growing provider of wireless device protection plans and mobile services sold to consumers across thousands of wireless retail locations nationwide. ProtectCELL’s protection plans cover standard mobile phones, smartphones, tablets and other wireless devices. ProtectCELL is one of the few companies in its served market offering additional benefits beyond traditional device replacement, including mobile security and identity theft protection.
Fortegra Financial Corporation (NYSE: FRF) is an insurance services company that provides distribution and administration services and insurance-related products to insurance companies, insurance brokers and agents and other financial services companies in the United States. Fortegra’s brands include: Life of the South, Consecta, Bliss & Glennon (B&G), eReinsure (eRe), Motor Clubs, Pacific Benefits Group (PBG), Universal Equipment Recovery Group (UERG), and South Bay Acceptance Corporation (SBAC). Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 340 companies across a range of industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, London, and Mumbai.