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New Deal


Announced

Completed

Conn’s completed the merger with W.S. Badcock.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Household Furnishings

home furnishings

United States

Merger

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Conn’s, a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics, completed the merger with W.S. Badcock, a home furnishings company in the southeastern US. Financial terms were not disclosed. "Today's announcement transforms Conn’s into a leading home goods retailer that is expected to have $1.85bn in revenue across strong urban and rural markets in the southern US. We believe the combination of these two complementary businesses will produce significant value as we pursue credit driven revenue growth strategies, enhance Badcock’s in-house credit offering, and leverage a more diverse and larger organization. For over 120 years, both Conn’s and Badcock have provided customers with home goods they want, at prices they love, with affordable payment solutions. We look forward to building on this legacy by leveraging Conn’s capabilities, expertise, and innovation to support greater opportunities for our combined communities, customers, dealers, and employees. As a result, we are confident this combination will produce significant long-term value for all of our shareholders," Norm Miller, Conn’s President and CEO.

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