Aaron’s and CCF Holdings to merge with Katapult.

Aaron’s, a technology-enabled, omni-channel provider of lease-to-own and retail purchase solutions, and CCF Holdings, a provider of alternative financial services, agreed to merge with Katapult, a technology driven lease-to-own platform. Financial terms were not disclosed. “We are excited to join forces with Aaron’s and CCF Holdings in a transaction that we believe will deliver significant value for all of our stakeholders by combining our leading technology with Aaron’s retail reach and CCF Holding’s large customer base. As a standalone company, Derek Medlin and the rest of our leadership team have done a terrific job of transforming Katapult into a destination for non-prime consumers and we believe this transaction creates a compelling vison for a new path forward. The combined company will benefit from greater scale and a stronger balance sheet, positioning us to accelerate growth and deliver a more robust set of financial solutions. Together, we will be well positioned to deliver innovative products and services to meet the evolving needs of non-prime consumers across the US,” Orlando Zayas, Katapult CEO.