November 21, 2008—CORT, a leading furniture provider in the “rent-to-rent” industry, announces a comprehensive suite of services for the rental and related needs of companies supporting employee relocations and temporary assignments.
CORT, a Berkshire Hathaway company, further advanced its leadership of the nation’s furniture rental industry with the acquisition of Aaron Rents Corporate Furnishings Division.
Under the $72 million acquisition, which required federal regulatory approval, Aaron Rents will continue its operations in the “rent to own” furniture category.
Since becoming a part of Berkshire Hathaway in February 2000, CORT has continued to increase its share of the furniture rental market through organic growth and acquisitions. The Aaron Rents deal expands CORT’s geographic coverage to more than 70 of the top metropolitan areas in the United States, making CORT the only national furniture rental company, according to CORT.
In addition, CORT now offers a broad range of services through its United Kingdom division, Roomservice by CORT, as well as its global affiliate program with representation in more than 50 countries. Along with continued investment in its furniture rental core competency, CORT has also greatly expanded its services to increase value to businesses and individuals in transition.
For more information, visit the CORT Web site as well as the company’s FMLink ad.
