Aaron Rents Inc. has bought 35 stores from Rosey Rentals LP for an undisclosed sum.
Atlanta-based Aaron Rents said Rosey Rentals operated 35 Aaron’s Sales & Lease Ownership franchised stores in six Southeast states that generated $45 million in total annual revenue. The stores will now be company-operated by Aaron Rents.
“As in the past, we continue to make acquisitions of franchisees when it is of mutual benefit,” said Robert C. Loudermilk Jr., president and CEO of Aaron Rents, in a news release. “Rosey Rentals has been a good franchisee and we hope to continue our relationship in some form in the future. This transaction should add approximately 3 percent to our top line growth in 2009 and is expected to be accretive to earnings.”
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