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Financial Advisor

Aaron’s, Inc.

$55 Million 10/15/2015 Specialty Finance Complete
Public Companies
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Transaction Details

  • On October 15, 2015, Aaron's, Inc. (NYSE: AAN, "Aaron's") closed the acquisition of all of the outstanding stock of Dent-A-Med, Inc. d/b/a The HELPcard® ("The HELPcard") from Harbert Private Equity Fund II, LLC, an affiliate of Harbert Management Corporation, and its other shareholders for approximately $55 million in cash and the assumption of $45 million in debt
  • The HELPcard is a leader in the second look sales financing marketplace serving more than 700 merchant partners in over 1,400 locations
  • Stephens Inc. served as sole financial advisor to Aaron's, Inc.

About the company

Aaron’s Overview
Aaron's, a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, has more than 2,000 Company-operated and franchised stores in 48 states, the District of Columbia, and Canada. Aaron's was founded in 1955, is headquartered in Atlanta, and has been publicly traded since 1982. Progressive, a leading virtual lease-to-own company, provides lease-purchase solutions through more than 16,000 retail locations in 46 states. For more information, visit www.aarons.com.

The HELPcard Overview
The HELPcard, founded in 1983, offers second look sales finance programs for non-prime customers. It currently serves more than 700 merchant partners in over 1,400 locations. Its open-ended financing programs have simple terms that are competitive with prime credit programs. For more information, visit www.helpcard.com.

Sources: Company filings and publicly available information.
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