ATLANTA — The Aaron’s Company, a lease-to-own provider of furniture, electronics and other home goods recorded a net loss of $11.9 million on revenues of $503.1 million in the second quarter ended June 30. Just two weeks earlier, the company entered into a definitive agreement to be acquired by IQVentures Holdings in a transaction enterprise valued at $504 million.

Aaron’s offers a direct-to-consumer lease-to-own solution through its approximately 1,210 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. The company also operates Woodhaven, its furniture manufacturing division. ranked No. 100 in the FDMC 300; BrandsMart U.S.A., an appliance retailer with 12 stores in Florida and Georgia; and its e-commerce platform.

“During the second quarter, we continued to see positive momentum in the business, despite ongoing macroeconomic pressures,” Douglas Lindsay, Aaron’s Company CEO. “We are excited about our recent agreement to be acquired by IQVentures and look forward to closing the transaction by the end of the year.”