EZCORP Completes Acquisition of USA Pawn in Arizona and Oregon

EZCORP Completes Acquisition of USA Pawn in Arizona and Oregon

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EZCORP (EZPW), a company engaged in delivering instant cash solutions to customers across channels, products, services and markets, said late Thursday that has completed the acquisition of 13 USA Pawn & Jewelry Company pawn stores located in Arizona and Oregon, for $12.5 million in cash.

This acquisition gives EZCORP presence in the Phoenix, Arizona area and in Oregon, both of which are new markets for the company.

The acquisition was completed in mid-August and is expected to be accretive to EZCORP’s earnings beginning Oct. 1, 2015.

The company also announced that it has increased its ownership position in Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. to 94%. The purchase price for the additional 18% interest was $29 million in cash.

This acquisition was completed on September 1.

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