M&A Deal Summary

Rent-A-Center Acquires Merchants Preferred

On July 15, 2019, Rent-A-Center acquired retailer Merchants Preferred for 48M USD

Acquisition Highlights
  • This is Rent-A-Center’s 1st transaction in the Retail sector.
  • This is Rent-A-Center’s 4th largest (disclosed) transaction.
  • This is Rent-A-Center’s 4th transaction in the United States.
  • This is Rent-A-Center’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-07-15
Target Merchants Preferred
Sector Retail
Buyer(s) Rent-A-Center
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 4 of 5
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Georgia) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 The Rental Store

Scottsdale, Arizona, United States

The Rental Store, Inc. is a provider of consumer lease-purchase financing through third-party retail furniture and electronics retailers, operating approximately 145 kiosk locations.

Buy $76M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-20 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.

Buy $1.3B
Mergr

Product

Company

Legal