Cell Phone Solutions Acquired by Dr. Phone Fix | Consumer M&A Deal

Dr. Phone Fix has completed the acquisition of Cell Phone Solutions, a consumer other device repair business in Saint John, New Brunswick, for $175,000. Dr. Phone Fix acquires Cell Phone Solutions to expand its consumer electronics repair and resale footprint through a strategic acquisition with an established customer base and about $350,000 in annual revenue. The target operates a local mobile device repair shop in Saint John, and Dr. Phone Fix acquisitions aim to improve procurement, pricing, marketing, and standardized operating processes after integration. This add on acquisition is announced as a strategic acquisition by a strategic buyer, with $50,000 cash at closing, inventory included, and additional deferred and performance-based payments tied to revenue thresholds.