Rent-A-Center, Inc.
Closely-Held Family-Owned Transaction
Rent-A-Center, Inc.
Rent-A-Center, Inc., a publicly owned company headquartered in Plano, Texas, is a leader in the Rent-To-Own (“RTO”) industry, which provides customers the opportunity to obtain consumer electronics, appliances, computers, wheels and tires, furniture and accessories through a rental purchase agreement and also provides merchandise on an installment sales basis and RTO transactions to consumers who do not qualify for financing from the traditional retailer through kiosks in its’ RTO retail locations. Mann, Armistead & Epperson, Ltd. served as the exclusive financial advisor to Rent-A-Center with the purpose to acquire a virtual RTO service company. Rent-A-Center acquired substantially all of the assets of C/C Financial Corp doing business as Merchants Preferred, a nationwide provider of virtual rent-ho-own services. Merchants Preferred was founded in 2012 in Atlanta, Georgia. This acquisition accelerated Rent-A-Center’s virtual rent-to-own position within the industry.
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