BrandsMart USA
Aaron’s Company to be Acquired by IQVentures Holdings
From Private to Public and back to a Privately Held but instead of a family, an Equity Investment Group
(Remember Sears, Toys R Us, well you get the idea…)
Done Deal: Aaron’s Company completes acquisition of BrandsMart USA
BrandsMart U.S.A., the Broward County-based appliance and electronics retailer, is in agreement to be acquired by The Aaron’s Company, the businesses announced.
The deal, estimated to be worth $230 million, is expected to close in the second quarter of 2022, said Atlanta-based Aaron’s, which specializes in lease-to-own retail.
Aaron’s CEO Douglas Lindsay said in a company news release that the acquisition will allow “leveraging Aaron’s lease-to-own expertise to provide BrandsMart customers enhanced payment options and offering a wide selection of BrandsMart’s product assortment to millions of Aaron’s customers.”
BrandsMart offers thousands of products through large format stores with 2021 revenue of $757 million and provides significant revenue and earnings growth opportunity for Aaron’s, a large national publicly held lease-to-own company.
Michael Perlman had been complaining for years about the mom and pop privately held regional powerhouse responsibilities, actually saying a number of times; the only reason he had not sold was for the employees of the company.” He has now done it and hundreds of well paying jobs will now be evaluated and in all probability eliminated.
Aaron’s lease-to-own company feeds on the least of whom can afford to be taken advantage of. This transaction will now give the national chain access to manufacturers that would not sell to the lease-to-own industry.
Michael Perlman gave the company away but kept BrandsMart’s biggest asset, the properties, to a corporate conglomerate that in the end, BrandsMart USA will disappear and the Perlman’s the biggest landlord Aaron’s Lease to Own Furniture, Electronics and Appliances has!
CISION PR Newswire
The Aaron’s Company Completes Acquisition Of BrandsMart U.S.A.
CSA Chain Store Age – The Business of Retail
Done Deal: Aaron’s Company completes acquisition of BrandsMart USA
Local 10 News
South Florida-based BrandsMart USA to be acquired by Aaron’s
PR Newswire
The Aaron’s Company To Acquire Brandsmart U.S.A., A Leading Regional Appliance And Electronics Retailer
South Florida Business Journals
BrandsMart USA To Be Acquired For $230M
Shopping Center Business
The Aaron’s Co. to Acquire BrandsMart USA for $230 Million
Reseller Ratings
BrandsMart USA • 593 reviews 1.00 / 5
Better Business Bureau
BrandsMart USA • 148 reviews 1.11 / 5
Pissed Consumer
BrandsMart USA • 158 reviews 1.7 / 5
Please notice that there are No Google Reviews when searching Google for BrandsMart USA because Google offers for a fee to NOT have reviews displayed on the search results page.
Please notice that there are No Google Reviews when searching Google for Aaron’s: Rent to Own Furniture, Electronics and Appliances either, because Google offers for a fee to NOT have reviews displayed on the search results page.
Warning: When your Google Search does not display Reviews; the companies Do Not have good reviews!
Therapy for a Ex-Employee
Customers Point Of View.
Both employer and employee have a choice.
The employer makes a choice to hire a employee.
The employee makes a choice to work for the employer.
This site is authored by an ex-employee as a therapeutic avenue and includes rambling of some experiences from over twenty years working at the BrandsMart USA corporate office. Ex-employee brings to light some of the business practices that was witnessed and heard, such as; the Pay to Play atmosphere, union busting, tax evasion, female staff romantic liaisons, sexual harassment, nepotism and cronyism prevalent within the company.
The purpose of the pages you are reading is two-fold, first; it is therapy for a ex-employee with over twenty-one years of tenure, working in the BrandsMart USA corporate office.
Ex-employee simply because of dealing with stress related health issues due to narcissistic, insecure, micromanaging, incompetent, alcoholic and drug addicted unqualified supervisors! Using this platform to therapeutically relieve that stress for good!
No, I’m not a disgruntled ex-employee. In fact, feel it is the best thing that has happen! Continually hearing how both my physical and psychological demeanor has drastically improved. No longer walking around being or looking pissed off!
My entire tenure was held to a different level of compliance from the quality of the training department, product data acquisition, website functions, presentations and work hours than any other.
Starting with BrandsMart USA when it had only three South Florida locations with a corporate office and distribution center in Miami and total volume of $360 million dollars of business during that first year.
Before the economic meltdown of ’08, the company expanded adding locations locally and regionally to include Metro Atlanta Georgia, topping one billion in sales volume before the meltdown!
Departing in 2018, BrandsMart USA cut locations in Georgia by fifty percent, with the company grossing around $900 million in sales.
Recap of my experience with BrandsMart USA from over twenty years of employment and my opinion of the business practices and company culture witnessed and heard, with astonishment, in the corporate office!
Nepotism and cronyism rampant throughout! Pay-to-play environment within the buying department and the owner’s manipulation of the press through advertising buys.[1]
Seeding of the BrandsMart Service Corp. to fend off a labor union with an intimidating employee from another location. Most firsthand and some from conversations with other executives.
Corporate Address:
3200 SW 42nd Street
Hollywood, FL 33312
Corporate Phone Number:
954-797-4000
Toll Free:
800-432-8579
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