M&A Deal Summary |
|
|---|---|
| Date | 2008-06-06 |
| Target | Rent-Way |
| Sector | Consumer Services |
| Buyer(s) | Rent-A-Center |
| Deal Type | Add-on Acquisition |
| Deal Value | 567M USD |
| Advisor(s) | Citigroup Investment Banking (Financial) |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Retail |
| Employees | 12,970 |
| Revenue | 4.0B USD (2023) |
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 | 2 of 5 |
| Sector (Consumer Services) | 2 of 3 |
| Type (Add-on Acquisition) | 2 of 5 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 2 of 5 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| 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. |
Sell | $4M |
| 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 |
