M&A Deal Summary

Buddy’s Home Furnishings Acquires HomeSmart

On August 22, 2014, Buddy’s Home Furnishings acquired consumer products company HomeSmart from Aaron s

Acquisition Highlights
  • This is Buddy’s Home Furnishings’ 1st transaction in the Consumer Products sector.
  • This is Buddy’s Home Furnishings’ 1st transaction in the United States.

M&A Deal Summary

Date 2014-08-22
Target HomeSmart
Sector Consumer Products
Buyer(s) Buddy’s Home Furnishings
Sellers(s) Aaron s
Deal Type Divestiture

Target

HomeSmart

United States
HomeSmart offers home furniture including sofas, chairs, dining tables, as well as electronics, and appliances.

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Buyer(S) 1

Buyer

Buddy’s Home Furnishings

Orlando, Florida, United States

Category Company
Founded 1961
Sector Business Services
DESCRIPTION

Buddy’s Home Furnishings is a rental-purchase operator in the United States with more than 125 storefronts. Buddy’s Home Furnishings is a Rent-To-Own furniture, appliance, electronic, and computer provider. Buddy’s Home Furnishings was founded in 1961 and is based in Orlando, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

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 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Progressive Finance Holdings

Draper, Utah, United States

Progressive Finance Holdings LLC is a provider of web-based lease-to-own financing programs for retailers. The company currently services more than 5,500 retailers across the United States.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 BrandsMart USA

Fort Lauderdale, Florida, United States

BrandsMart USA is one of the major appliance and consumer electronics retailers in the southeast United States and one of the largest appliance retailers in the country with ten retail stores in Florida and Georgia and a growing eCommerce presence at brandsmartusa.com. The company offers hundreds of name brands across thousands of different items, including large and small appliances, consumer electronics, computers, furniture, and home goods. BrandsMart USA was founded in 1978 and is based in Fort Lauderdale, Florida.

Buy $230M