Tuesday, July 16, 2019

Rent-A-Center to make $47.5M acquisition

Dallas Business Journal
Plano-based Rent-A-Center Inc. (Nasdaq: RCII) plans to acquire Merchants Preferred for $47.5 million in a deal expected to close in the third quarter, the company announced Monday.

The deal for Atlanta-based Merchants Preferred, which provides convenient lease-purchasing services to furniture and appliance merchants, will add an additional 2,500 locations to Rent-A-Center’s Acceptance Now platform. . . . more