Stratrix
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

BusinessDealWhenValue
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
acquisitionApril 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
acquisitionOctober 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
divestitureMay 13, 2016—
SEI/Aaron's, Inc. ("SEI") store operations
Word 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 stores
Word 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 acquisitionDuring 2017 and 2018—
Progressive Leasing
Word 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
acquisitionApril 14, 2014—
DAMI
Word 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
acquisitionOctober 15, 2015—
HomeSmart operating segment
Word for word“On May 13, 2016 , the Company sold its HomeSmart operating segment, which included 82 stores.” 10-K for 2018
divestitureMay 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 division
Word for word“(iii) $35.0 million cash inflow related to the sale of the HomeSmart division in May 2016;” 10-K for 2018
divestitureMay 2016$35.0 million cash inflow
Company's former corporate headquarters building
Word 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
divestitureJanuary 2016$13.6 million cash inflow
Vive
Word 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
acquisition2015—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill 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

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.