EZCORP Acquires 40 Pawn Stores in Mexico

Deal News | Jun 18, 2025 | Globenewswire

EZCORP Acquires 40 Pawn Stores in Mexico

EZCORP, Inc., a leading provider of pawn loans, has announced its acquisition of 40 pawn shops across 13 states in Mexico. These stores, under the banners Monte Providencia and Tu Empeño Efectivo, offer traditional pawn loans and auto pawn transactions, broadening EZCORP's operational base in Mexico. This acquisition is part of the company's strategic expansion plan, bolstering its geographical reach and diversifying its pawn portfolio to include auto pawn transactions. CEO Lachie Given highlighted the significant growth potential in Mexico, emphasizing its appeal as a strong market for both traditional and auto pawn services. EZCORP now operates 1,332 pawn stores globally, with 787 in Latin America and 602 in Mexico. Established in 1989, EZCORP is committed to fulfilling the short-term cash needs of customers who are cash- and credit-constrained and is listed on NASDAQ under the symbol EZPW.

Sectors

  • Financial Services
  • Retail

Geography

  • Mexico – The acquisition involves pawn stores located in various states across Mexico, marking geographical expansion for EZCORP.
  • United States – EZCORP is a U.S.-based company with significant operations in Latin America, particularly highlighted in this expansion news.

Industry

  • Financial Services – The article discusses EZCORP's acquisition in the pawn lending sector, a subset of financial services.
  • Retail – EZCORP involves selling pre-owned and recycled merchandise obtained through pawn lending operations.

Financials

    Participants

    NameRoleTypeDescription
    EZCORP, Inc.AcquirerCompanyEZCORP is a leading provider of pawn transactions, focusing on the needs of cash- and credit-constrained consumers.
    Monte Providencia and Tu Empeño EfectivoTargetCompanyThese are the store names under which the acquired pawn operations are conducted in Mexico.
    Lachie GivenCEOPersonThe Chief Executive Officer of EZCORP, providing strategic statements on the acquisition.