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Announced

IQVentures to acquire The Aaron's Company for $504m.

Synopsis

IQVentures, a fintech organization, agreed to acquire The Aaron's Company, a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, for $504m. "We are pleased to announce this transaction with IQVentures, which delivers significant and immediate value to our shareholders. While we have performed well in a challenging operating environment, our Board has consistently evaluated the Company's standalone plan against other strategic opportunities, including recently engaging with a range of potential partners. With the assistance of our financial and legal advisors, the Board conducted a thorough review of our strategic options and ultimately determined that a sale to IQVentures represented the best way to maximize shareholder value," John W. Robinson III, The Aaron's Company Chairman of the Board.

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