From Yahoo Finance: 2025-05-14 09:03:00

FirstCash Holdings, Inc. is acquiring H&T Group plc, the largest pawnbroker chain in the U.K., for $394 million. This deal adds 285 U.K. stores to FirstCash’s network and solidifies its position as the largest pawn operator in the U.S., Latin America, and the U.K. The acquisition is expected to boost earnings and support international expansion.

CEO Rick Wessel believes the acquisition aligns with FirstCash’s long-term strategy, while H&T CEO Chris Gillespie sees it as a testament to the company’s success. The combined business will operate over 3,000 pawn locations globally, with potential expansion into more European markets. Operational efficiencies and scale are expected to benefit FirstCash.

FirstCash reported cash and equivalents of $175.095 million as of December 31, 2024. Despite the news, FCFS stock is down 2.14% premarket. The company anticipates the acquisition will enhance earnings per share and EBITDA, supporting its broader international strategy. The deal is a significant move for both companies and the pawn industry as a whole.

Read more: FirstCash Enters UK Market With $394 Million Acquisition Of H&T Group