 In May 2004, Rent-A-Center completed the acquisitions of Rainbow Rentals, Inc. and Rent Rite, Inc. Rent-A-Center completed its acquisition of competitor Rent-Way, Inc. on 15 November 2006, for a price of approximately $600.3 million.At the time of the acquisition, Rent-Way was ranked number three in the rent-to-own industry with 782 stores in 34 states.The Rent-Way store acquisition program brought the store total to 3,535 stores.