Rent A Wheel acquired all of the assets of RIMCO operations from Aaron's, Inc. for $10 million.
January 20, 2014 at 04:00 am
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Rent A Wheel acquired all of the assets of RIMCO operations from Aaron's, Inc. (NYSE:AAN) on January 20, 2014. RIMCO reported annual revenues of $20.6 million, total assets of $13.2 million, and loss before tax of $0.41 million. Rent-A-Wheel plans to continue to operate all the acquired RIMCO stores and retain a majority of its employees.
Rent A Wheel completed the acquisition of all of the assets of RIMCO operations from Aaron's, Inc. (NYSE:AAN) for $10 million in cash on January 20, 2014.
PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.
PROG HOLDINGS, INC. 
