IQVentures To Complete Acquisition of The Aaron’s Company

The Aaron’s Company, Inc. (“The Aaron’s Company” or “Aaron’s”) and IQVentures Holdings, LLC (“IQVentures”) announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron’s Company. The acquisition was originally announced on June 17, 2024, and approved by The Aaron’s Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron’s Company’s common stock will cease trading and will no longer be listed on the NYSE.

Advisors

J.P. Morgan Securities LLC is serving as exclusive financial advisor to The Aaron’s Company, and Jones Day is serving as legal counsel. Stephens Inc. is serving as exclusive financial advisor to IQVentures, and King & Spalding LLP is serving as legal counsel.

About The Aaron’s Company, Inc.

Headquartered in Atlanta, The Aaron’s Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron’s, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron’s offers a direct-to-consumer lease-to-own solution through its approximately 1,250 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with 11 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company’s furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com.

Source: The Aaron’s Company, Inc.