Asurion to acquire Domestic & General from CVC and ADIA.

Asurion, a provider of phone insurance, agreed to acquire Domestic & General, a provider of appliance repair and maintenance services, from CVC and ADIA, private equity and investment advisory firms. Financial terms are not disclosed. Together, Asurion and Domestic & General unite omnichannel scale with deep service expertise to meet the rapid convergence of technology and appliances head on. Asurion will extend its leadership in the fast-growing, $154 billion connected home devices market. The combination will broaden Asurion's customer-end markets, extend its geographic reach and create new channel partnerships. Domestic & General will gain access to Asurion's deep global market expertise, service infrastructure and digital capabilities, including innovations like predictive diagnostics, intelligent logistics and AI-powered service to accelerate its successful growth.