Allstate Protection Plans, a division of The Allstate Corporation, has acquired Kingfisher, a privately held company specializing in optimizing the lifecycle of smart devices. This strategic move is designed to enhance Allstate's offerings for the mobile industry and its customers, strengthening the company's ability to provide innovative solutions.
Kingfisher, founded in 2016, has been a pioneer in the mobile circular economy, offering products that assist mobile carriers, manufacturers, and retailers in meeting consumer demand for flexible ownership and protection solutions. The acquisition integrates Kingfisher's team of mobile experts into Allstate, which already serves over 150 million customers worldwide.
This acquisition is expected to provide Allstate Protection Plans with a significant competitive advantage over traditional wireless industry companies. It further enhances their capacity to meet the evolving needs of carriers and consumers, supporting the growth trajectory of the Protection Services segment.
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