The Online Investor
Home Furnishing Stores M&A image Home Furnishing Stores M&A » By The Online Investor Staff, updated Sat., Nov. 17, 1:32 AM Recent mergers and acquisitions in the Home Furnishing Stores M&A category.

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 a 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 Co.-operated and franchised stores in several states and Canada as well as its e-commerce platform, Aarons.com. Co.'s stores carry brands such as Samsung®, Hewlett-Packard®, LG®, Whirlpool®, Simmons®, Philips® and Ashley®. Co.'s operating segments include Progressive Leasing, a virtual lease-to-own company that provides lease-purchase solutions; Aaron's Business, which provides consumer electronics and accessories; and Dent-A-Med, Inc., which provides a variety of revolving credit products.

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Company Name: 
Aaron's Inc
Stock buyback: 
AAN buyback
Website: 
www.aarons.com
Sector: 
Home Furnishing Stores
Number of ETFs Holding AAN: 
42
Total Market Value Held by ETFs: 
$306.37M
Total Market Capitalization: 
$3.41B
% of Market Cap. Held by ETFs: 
8.99%
 

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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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