M&A Deal Summary

Aaron s Acquires Rent-A-Center - 19 Stores

On December 5, 2005, Aaron s acquired retailer Rent-A-Center - 19 Stores from Rent-A-Center for 4M USD

Acquisition Highlights
  • This is Aaron s’ 1st transaction in the Retail sector.
  • This is Aaron s’ 3rd largest (disclosed) transaction.
  • This is Aaron s’ 1st transaction in the United States.
  • This is Aaron s’ 1st transaction in Kansas.

M&A Deal Summary
Date 2005-12-05
Target Rent-A-Center - 19 Stores
Sector Retail
Buyer(s) Aaron s
Sellers(s) Rent-A-Center
Deal Type Divestiture
Deal Value 4M USD

Target

Rent-A-Center - 19 Stores

Wichita, Kansas, United States
Rent-A-Center engages in rental contracts and merchandise sales at 19 stores.

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Buyer(S) 1

Buyer

Aaron s

Atlanta, Georgia, United States

website

Category Company
Founded 1955
Sector Retail
Employees9,400
Revenue 1.7B USD (2020)
DESCRIPTION
Entrance to Aaron Rents' corporate headquarters in Atlanta, Georgia.
Entrance to Aaron Rents' corporate headquarters in Atlanta, Georgia.

Aaron’s, Inc. engages in lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories. Aaron's has more than 2,130 Company-operated and franchised stores in 48 states and Canada. Aaron's was formed in 1955 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 7
Sector (Retail) 1 of 6
Type (Divestiture) 1 of 2
State (Kansas) 1 of 1
Country (United States) 1 of 7
Year (2005) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 Prime Time Rentals

Lynchburg,, Virginia, United States

Prime Time Rentals has 33 stores located in Virginia, North Carolina, Maryland, and West Virginia. Approximately one-half of the stores will be operated as Aaron's Sales & Lease Ownership stores.

Buy -

Seller(S) 1

SELLER

Rent-A-Center

Plano, Texas, United States

website

Category Company
Founded 1986
Sector Retail
Employees14,000
Revenue 4.6B USD (2021)
DESCRIPTION
Entrance to Rent-A-Center's corporate headquarters in Plano, Texas.
Entrance to Rent-A-Center's corporate headquarters in Plano, Texas.

Rent-A-Center is focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable products such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The Company owns and operates approximately 2,400 stores in the United States, Mexico, Canada and Puerto Rico, and approximately 1,250 Acceptance Now kiosk locations in the United States and Puerto Rico. Rent-A-Center Franchising International, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 250 rent-to-own stores operating under the trade names of “Rent-A-Center,” “ColorTyme,” and “RimTyme.”

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-04 Rainbow Rentals

Canfield,, Ohio, United States

Rainbow Rentals Inc.offers renting and selling services of home electronics, furniture, appliances, and computers to the general public.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 Rent-Way

Erie, Pennsylvania, United States

Rent-Way, Inc. is a rental purchase company in the U.S.Rent-Way operates 784 stores in 34 states.

Buy $567M
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