Aaron’s Announces in 2022 That it Has Acquired Brandsmart
In a deal worth $230.0 million, The Aaron’s Company Inc. (Aaron’s) announced in February of 2022 that it has entered into an agreement to acquire BrandsMart USA. Expected to close during the second quarter of 2022, the deal is expected to lead to value-creation opportunities for the company, enhancing payment options and expanding the variety of products for Aaron’s customers. The transaction is anticipated to result in combined revenue figures totaling $2.5 billion annually, with 11,000 total employees working under Aaron’s.
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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