Tuesday, December 28, 2010

Rent-A-Center buys The Rental Store for $75 million

A Scottsdale-based chain of consumer-finance kiosks inside national furniture and appliance retail stores has been sold to Rent-A-Center Inc. for $75.5 million in cash.

Privately held The Rental Store Inc. provides in-store financing for big-ticket items purchased at stores such Mor Furniture for Less, Ashley Furniture and others.

The 27-year-old company currently operates about 145 lease-purchase finance kiosks inside retail stores throughout the country.

More: http://www.azcentral.com/business/articles/2010/12/27/20101227rental-store-sold-rent--center-75-mil.html

 

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