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Today, First Cash Financial Services, Inc. announced the completion of a 47 store acquisition in Mexico and 9 other stores in the U.S. In Mexico, the pawnshops are are located in 12 different states. The company also announced that the U.S. shops were in two separate transactions. One being 5 stores in Colorado, and the other 4 stores in Texas. Chief Executive Officer of First Cash, Rick Wessel, stated,

We are pleased to announce multiple pawn store acquisitions in several of our core markets, including Mexico, Colorado and Texas. The acquired full-service retail pawn locations should further strengthen our significant presence in these markets and expand our platform to support long-term earnings growth. Including these acquisitions, the Company now operates over 980 stores in 28 states in Mexico and 12 states in the U.S.

The three transactions total combined purchase price was approximately $28.5 million. 

Full article here

 

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