uBreakiFix, a specialist in small electronics repair, secured a $20 million credit facility from Florida Community Bank. The funds will be used to support the expansion of its business across the U.S. and Canada and grow its OEM partnerships.
“We were looking to partner with a visionary bank that understood our history and our potential,” said Justin Wetherill, president and co-founder of uBreakiFix. “Kent Ellert, Jim Baiter, Chris Rolle and the entire FCB team came up to speed on our business and industry extremely quickly. We look forward to being able to access their business expertise, as well as their capital, as we grow our customer base and relationships to the next level.”
“We are excited to begin our partnership with uBreakiFix,” said Chris Rolle, senior vice president, Central Florida banking director of Florida Community Bank. “FCB is committed to helping Florida-based companies thrive, and we are pleased to be a part of the next phase of growth at uBreakiFix.”
uBreakiFix was founded in 2009 by Wetherill and David Reiff, who offered a brick and mortar alternative tech repair option that was quick, affordable and customer-oriented. The company began franchising in 2013 and partnered with Jordan Socran in 2014 to bring the brand to Canada. uBreakiFix currently has more than 350 locations across the country.