Rick Wessel, CEO and Vice Chairman of FirstCash, commented, “The deal creates the greatest combined retail pawn store operator in Latin America along with the united states, with over 2,000 places across four nations.

Rick Wessel, CEO and Vice Chairman of FirstCash, commented, “The deal creates the greatest combined retail pawn store operator in Latin America along with the united states, with over 2,000 places across four nations.

The merged company provides significant scale and a unified platform for leadership in the pawn industry while keeping the strong regional presence and established brands from both organizations.

The complementary nature for the merger presents significant opportunities for cost synergies and operating efficiencies. These cost benefits, with the strong cash that is existing through the core pawn operations of both companies, are expected to result in an elevated ability to pursue lasting global expansion plans and drive extra shareholder returns through dividends and stock repurchases.”

Continue reading “Rick Wessel, CEO and Vice Chairman of FirstCash, commented, “The deal creates the greatest combined retail pawn store operator in Latin America along with the united states, with over 2,000 places across four nations.”