Aaron’s Inc. plans to sell all of the assets of its Rimco operations to Rent A Wheel/Rent A Tire. Rimco and Rent A Wheel/Rent A Tire stores offer consumers the sales and lease ownership of automobile tires and wheels.
"We feel that the sale of Rimco will be positive for both Aaron’s and Rent A Wheel/Rent A Tire," said Ronald W. Allen, president and CEO of Aaron’s.
Rimco currently operates a combined 32 company-operated and franchised stores in 11 states.
Rent A Wheel/Rent A Tire, based in Los Angeles, will now have 123 stores in 15 states. Rent A Wheel/Rent A Tire plans to continue to operate all the acquired Rimco stores and retain a majority of its employees.