Financial Advisor
Aaron’s, Inc.
M&A Advisory
Has Acquired
Transaction Details
- On July 28, 2017, Aaron’s, Inc. (NYSE: AAN) announced the acquisition of substantially all of the assets of its largest franchisee, SEI/Aaron’s Inc., in an all-cash transaction
- SEI was founded in 1995 and currently serves more than 90,000 customers through 104 Aaron's stores in 11 states, primarily in the Northeast
- The acquisition of SEI will significantly strengthen Aaron’s presence in highly attractive markets
- The transaction is expected to realize meaningful supply-chain inventory synergies and add experienced management talent to Aaron’s Inc.
- Stephens Inc. served as exclusive financial advisor in the transaction
About the company
Headquartered in Atlanta, Aaron's, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. The Aaron's Business engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its more than 1,770 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com. In addition, Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through approximately 24,000 retail locations in 46 states. Dent-A-Med, Inc., d/b/a the HELPcard®, provides a variety of second-look credit products that are originated through federally insured banks. For more information, visit investor.aarons.com, Aarons.com, ProgLeasing.com, and HELPcard.com.
Source: Transaction Press Release.
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