Rent-A-Center Acquires The Rental Store

The $75.5 million deal roughly doubles the company's in-store kiosk efforts. Plano, Texas-based Rent-A-Center Inc. agreed to acquire The Rental Store, paying $75.5 million with cash on hand to assume control of the business and pay off all of its existing debt. The Rental Store will bolster the buyer's RAC Acceptance initiative, the store-within-a store kiosk model that has been a focus of Rent-A-Center management. Rent-A-Center, ahead of the deal, had more than 150 RAC Acceptance kiosks located within retailers such as Ashley Furniture, Value City Furniture and others. The company has projected that it could add as many