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Home Furnishing Stores M&A image Home Furnishing Stores M&A » By The Online Investor Staff, updated Mon., Feb. 6, 12:59 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-to-own (LTO) and purchase solutions of furniture, appliances, consumer electronics, and accessories. Through its portfolio of stores and its e-commerce platform, Co. provides consumers with LTO and purchase solutions for the products they need and want. In addition, Co. provides a product selection, free prompt delivery, product setup, service and returns, and the ability to pause, cancel or resume lease contracts at any time with no penalty to the customer.

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List of Home Furnishing Stores Mergers & Acquisitions in this Slideshow:

Acquirer: Leon's Furniture Limited (LNF.CA)
Acquiree: The Brick Ltd. (BRK.CA)
Merger/Acquisition details: details »

Acquirer: Rent-A-Wheel /Rent-A-Tire
Acquiree: Aaron's RIMCO Stores (AAN)
Merger/Acquisition details: details »

Acquirer: Aaron's, Inc. (AAN)
Acquiree: Progressive Finance Holdings, LLC
Merger/Acquisition details: details »

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Hold (2.14 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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