IQVentures To Complete Acquisition of The Aaron's Company

Acquisition Announcement - The Aaron's Company is set to complete its acquisition by IQVentures Holdings, LLC, with the transaction expected to finalize later today [1] - The acquisition was initially announced on June 17, 2024, and received shareholder approval on September 25, 2024 [1] Company Overview - The Aaron's Company is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods [3] - The company operates approximately 1,210 stores across 47 states and Canada, alongside its e-commerce platform [3] - BrandsMart U.S.A., a subsidiary, is a leading appliance retailer with 12 stores in Florida and Georgia [3] IQVentures Overview - IQVentures is based in the Columbus, Ohio metropolitan area and focuses on investing in technology and companies that shape the future [4] - The firm has expertise in consumer and business financing, utilizing proprietary technology to enhance value for acquired companies [4] Advisory Roles - J.P. Morgan Securities LLC is the exclusive financial advisor for The Aaron's Company, while Stephens Inc. serves in the same capacity for IQVentures [2]