Rent-A-Center Acquires Acima to Build Leading Virtual Lease-to-Own Platform
December 20, 2020
Rent-A-Center, Inc. (NASDAQ: RCII) has entered into a definitive agreement to acquire Acima Holdings LLC for $1.273 billion in cash plus approximately 10.8 million Rent‑A‑Center shares (valued at about $377 million). The deal—expected to close in H1 2021—adds Acima’s virtual lease-to-own fintech capabilities and national retail/e‑commerce partnerships to accelerate Rent‑A‑Center’s omnichannel LTO platform and long-term growth.
- Buyers
- Rent-A-Center, Inc.
- Targets
- Acima Holdings LLC
- Industry
- Payments & Fintech
- Location
- Utah, United States
- Transaction Type
- Buyout
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