M&A Deal Summary

Rent-A-Center Acquires Acima Credit

On December 20, 2020, Rent-A-Center acquired financial services company Acima Credit for 1.3B USD

Acquisition Highlights
  • This is Rent-A-Center’s 1st transaction in the Financial Services sector.
  • This is Rent-A-Center’s largest (disclosed) transaction.
  • This is Rent-A-Center’s 5th transaction in the United States.
  • This is Rent-A-Center’s 1st transaction in Utah.

M&A Deal Summary

Date 2020-12-20
Target Acima Credit
Sector Financial Services
Buyer(s) Rent-A-Center
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) FTP Securities LLC (FT Partners) (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Acima Credit

Sandy, Utah, United States
Acima Credit LLC is a provider of financial services. Acima Credit's technology and alternative data sources to identify creditworthy consumers – regardless of their traditional credit scores. Acima Credit was founded in 2013 and is based in Sandy, Utah.

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Buyer(S) 1

Buyer

Rent-A-Center

Plano, Texas, United States

Category Company
Founded 1986
Sector Retail
Employees12,970
Revenue 4.0B USD (2023)
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.” Rent-A-Center was founded in 1960 and is based in Plano, Texas


DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Utah) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Merchants Preferred

Atlanta, Georgia, United States

C/C Financial Corp. is a nationwide provider of virtual rent-to-own services for non-prime customers. Merchants Preferred’s advanced technology, back office infrastructure and outstanding service enable competitive customer and retailer value propositions. C/C Financial Corp. was founded in 2011 and is based in Atlanta, Georgia.

Buy $48M