Rent-A-Center - M&A Summary and Business Overview

RetailCompany

Rent-A-Center M&A Summary

Rent-A-Center has acquired 5 companies, including 2 in the last 5 years. It has also divested 1 asset.

Rent-A-Center’s largest acquisition to date was in 2020, when it acquired Acima Credit for $1.3B. It’s largest disclosed sale occurred in 2005, when it sold Rent-A-Center - 19 Stores to The Aaron s Company for $4M. Rent-A-Center has acquired in 5 different US states. The Company’s most targeted sectors include consumer services (60%) and financial services (20%).

Rent-A-Center Business Overview

Where is Rent-A-Center headquartered?

Rent-A-Center is headquartered in Plano, Texas.

What is Rent-A-Center’s revenue?

Rent-A-Center disclosed revenue of 3,992M USD for 2023 and 4,245M USD for 2022.

How many employees does Rent-A-Center have?

Rent-A-Center has 12,970 employees.

What sector is Rent-A-Center in?

Rent-A-Center is a retail company.

When was Rent-A-Center founded?

Rent-A-Center was founded in 1986.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

Rent-A-Center

Upbound Group, Inc.

5501 Headquarters Drive,
Plano, Texas 75024
United States,
(972) 801-1100
www.rentacenter.com

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.” Rent-A-Center was founded in 1960 and is based in Plano, Texas


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $690M $1.3B $2.0B
Sell (0.0/yr) # 1 - - - - - 1
vol $4M $4M
  6

Most Recent M&A

Company Date Value Type
Acima Credit LLC 2020-12-20 1.3B USD Add-on Acquisition
Sandy, Utah · www.acima.com
C/C Financial Corp. 2019-07-15 48M USD Add-on Acquisition
Atlanta, Georgia · www.mplease.com
The Rental Store, Inc. 2010-12-22 76M USD Add-on Acquisition
Scottsdale, Arizona
Rent-Way, Inc. 2008-06-06 567M USD Add-on Acquisition
Erie, Pennsylvania
Rent-A-Center Inc. - 19 Stores 2005-12-05 4M USD Divestiture
Wichita, Kansas
Rainbow Rentals Inc. 2004-05-04 - Add-on Acquisition
Canfield,, Ohio
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Services 3 (60%) 643M (33%) - -
Retail 1 (20%) 48M (2%) 1 (100%) 4M (100%)
Financial Services 1 (20%) 1.3B (65%) - -
Total 5 $2.0B 1 $4M

By Geo

State/Country Buy Value Sell Value
United States 5 2.0B 1 4M
  Utah 1 1.3B - -
  Pennsylvania 1 567M - -
  Ohio 1 - - -
  Georgia 1 48M - -
  Arizona 1 76M - -
  Kansas - - 1 4M
Total 5 $2.0B 1 $4M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
McColl Partners LLC
 1
Credit Suisse Investment Banking
 1
Legal Deals
Sullivan & Cromwell
 1
Fulbright & Jaworski LLP
 1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 1 $567M
< $100M 2 $123M
TOTAL $2.0B
Largest Acima Credit LLC
$1.3B (2020-12-20)
sell # Total
< $100M 1 $4M
TOTAL $4M
Largest Rent-A-Center Inc. - 19 Stores
$4M (2005-12-05)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Retail

Revenue

3,992   6% 2023
4,245   8% 2022
4,583   63% 2021
2,814   6% 2020
2,670   1% 2019
2,660   2% 2018
2,703   9% 2017
2,963   10% 2016
3,278   4% 2015
3,157   3% 2014
3,094   1% 2013
3,075   2012
(millions of USD) Show More Show Less

Employees

12,970

Established

1986

Public

NASDAQ: UPBD

Former Name

Rent-A-Center, Inc.

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