Allstate Protection Plans, a division of Allstate Corporation (NYSE: ALL), has acquired Kingfisher, a privately held company that optimizes the lifecycle of smart devices (repair, replace, trade-in, upgrade) to enhance offerings for the mobile industry and their customers. This strategic acquisition strengthens Allstate Protection Plans’ ability to provide innovative solutions that help consumers get the most out of their devices.
Founded in 2016, Kingfisher has been a pioneer of the mobile circular economy, offering a suite of products that help mobile carriers, manufacturers, and retailers meet the increasing consumer demand for flexible ownership and protection solutions that reduce their environmental impact. The acquisition brings Kingfisher’s team of mobile experts to an Allstate team that has disrupted the device protection industry over the past two decades and serves over 150 million customers worldwide.
“Allstate Protection Plans partners with some of the world’s leading mobile carriers, including Telenor Group, Softbank, Three, and T-Mobile, and the mobile industry remains a key area of growth for us globally,” said Karl Wiley, Global President and CEO of Allstate Protection Plans. “We are thrilled to welcome the Kingfisher team to Allstate. By bringing this world-class team of experts onboard, we gain a significant competitive advantage over traditional companies in the wireless industry, further enhancing our ability to meet the evolving needs of carriers and consumers alike.”
“We entered the market with the belief that carriers and consumers deserve a better, more flexible mobile experience,” said Georgiann Reigle, Co-Founder and CEO of Kingfisher. “With the global reach, resources, and financial strength of Allstate, we are now positioned to drive the efficient circulation of both new and second-life devices to potentially billions of users, significantly reducing the environmental impact of mobile device usage worldwide.”
