Home Furnishing Stores M&A » By The Online Investor Staff, updated Sun., Aug. 19, 11:46 AM
Recent mergers and acquisitions in the Home Furnishing Stores M&A category.
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Slide #1. Aaron's, Inc. — Progressive Finance Holdings, LLC
Acquirer:
Aaron's, Inc. (NYSE:AAN)
Acquiree:
Progressive Finance Holdings, LLC
Details:
Aaron's, Inc. (NYSE:AAN) the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has acquired Progressive Finance Holdings, LLC ("Progressive"), a merchandise lease-to-own company from Summit Partners, in an all-cash transaction valued at approximately $700 million. Aaron's expects the transaction to be double digit accretive to cash earnings per share in 2014 and significantly more accretive in 2015.
Aaron's is an omnichannel provider of lease-purchase solutions. Co. is engaged in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its more than 1,860 Company-operated and franchised stores in 47 states and Canada as well as its e-commerce platform, Aarons.com. Co.'s stores carry brands such as Samsung®, Frigidaire®, Hewlett-Packard®, LG®, Whirlpool®, Simmons®, Philips®, Ashley® and Magnavox®. As of Dec. 31, 2017 , Co. had 1,726 Aaron's stores, comprised of 1,175 Company-operated stores in 35 states and Canada, and 551 independently-owned franchised stores in 40 states and Canada.
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List of Home Furnishing Stores Mergers & Acquisitions in this Slideshow:
11/11/2012:
Acquirer: Leon's Furniture Limited (LNF.CA)
Acquiree: The Brick Ltd. (BRK.CA)
Merger/Acquisition details: details »
1/21/2014:
Acquirer: Rent-A-Wheel /Rent-A-Tire
Acquiree: Aaron's RIMCO Stores (AAN)
Merger/Acquisition details: details »
4/15/2014:
Acquirer: Aaron's, Inc. (AAN)
Acquiree: Progressive Finance Holdings, LLC
Merger/Acquisition details: details »
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