Home Furnishing Stores M&A » By The Online Investor Staff, updated Fri., Mar. 5, 5:26 PM
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 provides lease-purchase solutions. Co. is engaged in direct-to-consumer sales and lease ownership of furniture, home appliances, consumer electronics, and accessories through its approximately 1,400 Company-operated and franchised stores in United States Canada, and Puerto Rico, as well as its e-commerce platform. Co. also manufactures and supplies bedding and upholstered furniture through company-operated and franchised stores.
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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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Avg. Broker Rec.
 
|
Hold (2.25 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Analysts' Target Price: AAN Stock Forecast Based on Zacks ABR data; powered by Xignite |
