|U.S.-based pawn shop operator EZcorp, Inc. has completed the acquisition of 13 USA Pawn and Jewelry Co. pawn stores located in Arizona and Oregon, according to a company announcement.|
This acquisition gives EZcorp presence in the Phoenix, Arizona area and in Oregon, both of which are new markets for the company.This purchase price for this acquisition was $12.5 million in cash. The acquisition was completed in mid-August and is expected to be accretive to EZcorp's earnings beginning October 1, 2015.
EZcorp is a provider of pawn loans in the United States and Mexico and consumer loans in Mexico. The company’s stores also sell merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers.