Rent-A-Center completed the acquisition of Acima for $1.9bn.

Rent-A-Center, an omnichannel lease-to-own provider, completed the acquisition of Acima, a provider of virtual lease-to-own solutions, for $1.8bn. “Founder Aaron Allred and his team have created a leading virtual LTO solution for retailers and consumers. We all share a common vision to expand the virtual LTO offering across a broader set of retail partners and to meet the needs of more customers through an integrated omnichannel strategy. Acima will help us strengthen our organization, accelerate growth and increase our virtual partner base, allowing us to better serve more consumers with the flexibility of LTO," Mitch Fadel, Rent-A-Center CEO.