IQVentures Holdings, LLC is set to acquire The Aaron’s Company for $10.10 per share, valuing the transaction at approximately $504 million, with plans for Aaron’s to continue operating under its established brand as a private entity.

Information on the Target

On June 17, 2024, The Aaron’s Company, Inc. (NYSE: AAN) announced it has reached an agreement to be acquired by IQVentures Holdings, LLC for $10.10 per share in cash, translating to an enterprise value of approximately $504 million. Following the completion of this transaction, Aaron’s will transition into a privately held entity, resulting in its common stock being delisted from the NYSE. Aaron’s is set to continue its operations under its existing brand identities while retaining its headquarters in Atlanta, Georgia.

Established in 1955 and publicly traded since 1982, Aaron’s is recognized as a leader in the lease ownership model, offering a wide range of name-brand furniture, consumer electronics, and home appliances through both company-operated and franchised locations across the United States and Canada.

Industry Overview

The lease ownership industry, within which Aaron’s operates, has grown significantly, adapting to changes in consumer behavior and financial preferences. In the United States and Canada, this sector has leveraged technological advancements to enhance c