M&A Deal Summary

Aaron s Acquires Prime Time Rentals

On October 2, 2007, Aaron s acquired retailer Prime Time Rentals

Acquisition Highlights
  • This is Aaron s’ 2nd transaction in the Retail sector.
  • This is Aaron s’ 2nd transaction in the United States.
  • This is Aaron s’ 1st transaction in Virginia.

M&A Deal Summary
Date 2007-10-02
Target Prime Time Rentals
Sector Retail
Buyer(s) Aaron s
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Aaron s

Atlanta, Georgia, United States
Category Company
Founded 1955
Sector Retail
Employees9,071
Revenue 2.1B USD (2023)
DESCRIPTION
Entrance to Aaron Rents' corporate headquarters in Atlanta, Georgia.
Entrance to Aaron Rents' corporate headquarters in Atlanta, Georgia.

Aaron’s proivdes 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 2 of 7
Sector (Retail) 2 of 6
Type (Add-on Acquisition) 1 of 5
State (Virginia) 1 of 1
Country (United States) 2 of 7
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Rent-A-Center - 19 Stores

Wichita, Kansas, United States

Rent-A-Center engages in rental contracts and merchandise sales at 19 stores.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-06 Rosey Rentals

Winter Garden, Florida, United States

Rosey Rentals operated 35 Aaron's Sales & Lease Ownership franchised stores in six southeastern states with total annual revenues of approximately $45 million.

Buy -
Mergr

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