Go Wireless Holdings, Inc. Announces Sale of Retail Division
Apr 2, 2022
Las Vegas, Nevada Apr 1, 2022 (Issuewire.com) - Go Wireless Holdings, Inc. announced today that it has completed the sale of Go Wireless, Inc. to Victra, Inc. for an undisclosed amount. The sale encompasses Go Wireless Inc.'s approximately 625 Verizon retail agent doors. Following the transaction, Victra will have nearly 1,600 retail locations across 49 states in the U.S.
Kevin Elder, Chairman of Go Wireless Holdings, Inc., said "It was the appropriate time for us to exit the wireless retail agent business and focus on our remaining investments, including our insurance divisions (Cell Brokerage and Cell Adjustments), as well as our wireless repair business, FixIT Mobile, which has approximately 30 locations. Go Wireless Holdings, Inc. intends to be aggressive in acquisitions and growth in both the insurance and repair industries. We believe there is a great opportunity in these markets to continue to expand beyond our current Southwest footprint".
Go Wireless, Inc. was represented by Moelis & Company, LLC (www.moelis.com) as its financial advisor, and Greenberg Traurig, LLP (www.gtlaw.com) acted as the company's legal advisor.
About Go Wireless Holdings, Inc.
Go Wireless Holdings, Inc. is a holding company based in Las Vegas, NV, and has operating divisions in the insurance and wireless repair markets. Go Wireless, Inc. was originally founded in 1995 in Southern California and became part of Go Wireless Holdings, Inc. in 2015.
About Victra, Inc.
Victra, Inc., headquartered in Raleigh, N.C., operates as the largest exclusive authorized agent for Verizon Wireless, the nation's best-performing wireless network. Victra has approximately 1,600 Verizon-branded retail stores across 49 states, offering a comprehensive mix of wireless devices including smartphones, feature phones, tablets, mobile broadband, and wearables; as well as a broad range of accessories and device insurance coverage. For more information, visit www.victra.com.
For further information, please contact Paul Huether, EVP/CFO at [email protected]
Source :Go Wireless Holdings Inc
This article was originally published by IssueWire. Read the original article here.
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