CORT Completes $72 Million Acquisition
Berkshire Hathaway’s CORT, a Furniture Rental Unit Serving Large Corporations, Acquires Aaron Rents Corporate Unit for $72 million
November 2008
CORT, a furniture rental company that has served 80 percent of the Fortune 500 companies, announced Thursday that it has completed its acquisition of Aaron Rents’ Corporate Furnishings division.
CORT, which has been part of Berkshire Hathaway since 2000, purchased the unit for $72 million. The deal expands its coverage to 70 of the top metro markets in the United States, making it the only national furniture rental company, according to the company’s announcement Thursday.
CORT has expanded beyond furniture rental to assist companies with recruitment and retention services that include locating apartments, handling utility connections, arranging for storage solutions and, even, providing spousal support services.
CORT, which has been part of Berkshire Hathaway since 2000, purchased the unit for $72 million. The deal expands its coverage to 70 of the top metro markets in the United States, making it the only national furniture rental company, according to the company’s announcement Thursday.
CORT has expanded beyond furniture rental to assist companies with recruitment and retention services that include locating apartments, handling utility connections, arranging for storage solutions and, even, providing spousal support services.
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