On the Record · Aaron's
Aaron's acquisitions, on the record
The businesses Aaron's bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Progressive Finance Holdings, LLC ("Progressive Leasing")Word for word“On April 14, 2014, the Company acquired a 100% ownership interest in Progressive Finance Holdings, LLC ("Progressive Leasing"), a leading virtual lease-to-own company, providing lease-purchase solutions through approximately 27,000 retail locations in 46 states and the District of Columbia.” 10-K for 2017 | acquisition | April 14, 2014 | — |
Dent-A-Med, Inc., d/b/a the HELPcard® ("DAMI")Word for word“On October 15, 2015, Progressive Leasing acquired a 100% ownership interest in Dent-A-Med, Inc., d/b/a the HELPcard® (collectively, "DAMI"), which provides a variety of "second-look" credit products that are originated through federally insured banks.” 10-K for 2017 | acquisition | October 15, 2015 | — |
82 Company-operated HomeSmart stores (HomeSmart operating segment)Word for word“On May 13, 2016 , the Company sold its 82 Company-operated HomeSmart stores (our weekly pay concept) and ceased operations of that division.” 10-K for 2017 | divestiture | May 13, 2016 | — |
SEI/Aaron's, Inc. ("SEI") store operationsWord for word“The Company acquired substantially all of the assets of the store operations of SEI, its largest franchisee, for approximately $140 million in cash.” 10-K for 2017 | acquisition | — | approximately $140 million in cash |
substantially all of the assets of the store operations of 111 and 152 Aaron's-branded franchised storesWord for word“During 2017 and 2018, the Company acquired substantially all of the assets of the store operations of 111 and 152 Aaron's-branded franchised stores, respectively.” 10-K for 2018 | agreed acquisition | During 2017 and 2018 | — |
Progressive LeasingWord for word“The results of Progressive Leasing and DAMI have been included in the Company's consolidated results and presented as operating segments from their April 14, 2014 and October 15, 2015 acquisition dates, respectively.” 10-K for 2018 | acquisition | April 14, 2014 | — |
DAMIWord for word“The results of Progressive Leasing and DAMI have been included in the Company's consolidated results and presented as operating segments from their April 14, 2014 and October 15, 2015 acquisition dates, respectively.” 10-K for 2018 | acquisition | October 15, 2015 | — |
HomeSmart operating segmentWord for word“On May 13, 2016 , the Company sold its HomeSmart operating segment, which included 82 stores.” 10-K for 2018 | divestiture | May 13, 2016 | — |
franchisee store operations (13 franchisees, 152 Aaron's-branded stores)Word for word“The Company acquired substantially all of the assets of the store operations of 13 franchisees, adding 152 Aaron's-branded stores to our portfolio of Company-operated stores, for an aggregated consideration of $195.4 million .” 10-K for 2018 | agreed acquisition | — | aggregated consideration of $195.4 million |
HomeSmart divisionWord for word“(iii) $35.0 million cash inflow related to the sale of the HomeSmart division in May 2016;” 10-K for 2018 | divestiture | May 2016 | $35.0 million cash inflow |
Company's former corporate headquarters buildingWord for word“(iv) $13.6 million cash inflow from the sale of the Company’s former corporate headquarters building in January 2016;” 10-K for 2018 | divestiture | January 2016 | $13.6 million cash inflow |
ViveWord for word“Vive Founded in 1983 and acquired by the Company in 2015, Vive primarily serves customers that may not qualify for traditional prime lending who desire to purchase goods and services from participating merchants.” 10-K for 2019 | acquisition | 2015 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $9.8 million | $35.9 million | $4.3 million |
| 2017-12-31 | $145.6 million | $1.1 million | $97.5 million |
| 2018-12-31 | $189.9 million | $942,000 | $110.5 million |
| 2019-12-31 | — | $2.8 million | $6.5 million |
Deal filings since 2016
- 2020-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-10-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Aaron's’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.