IQVentures Acquires The Aaron's Company
October 3, 2024
IQVentures Holdings, LLC has completed a take-private acquisition of The Aaron's Company, Inc. for approximately $504 million, paying $10.10 per share in cash. The transaction is supported by a $120 million senior secured revolving credit facility arranged by Second Avenue Capital Partners and Pathlight Capital to help finance the acquisition and position Aaron's to accelerate its omni-channel strategy and operational transformation.
- Buyers
- IQVentures Holdings, LLC
- Targets
- The Aaron's Company, Inc.
- Sellers
- Public shareholders of The Aaron's Company
- Industry
- Retail
- Location
- Georgia, United States
- Transaction Type
- Buyout
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