AcquisitionsJun 23, 2026, 02:21 AM
FirstCash Acquires Ramsdens for £206M, Adds 174 UK Pawn Stores
AI Summary
FirstCash Holdings, Inc. announced an agreement to acquire Ramsdens Holdings plc, a leading U.K. pawn operator, for approximately £206 million ($273 million USD). This acquisition will add 174 pawn locations, significantly expanding FirstCash's presence and global leadership in the U.K. market. The transaction is expected to be accretive to FirstCash's EBITDA and EPS, enhancing its long-term growth profile and operational scale.
Key Highlights
- FirstCash Holdings, Inc. to acquire Ramsdens Holdings plc for approximately £206 million ($273 million USD).
- The acquisition adds 174 pawn locations across England, Scotland, and Wales to FirstCash's portfolio.
- Expected to be accretive to both EBITDA and EPS for FirstCash.
- Ramsdens reported $200 million in revenue and $26 million in net income for the trailing twelve months ended March 31, 2026.
- Ramsdens' Adjusted EBITDA was $40 million for the trailing twelve months ended March 31, 2026.
- The transaction is expected to close by the end of 2026, subject to shareholder and regulatory approvals.
- Combined with existing H&T operations, FirstCash will have almost 470 stores in the U.K. with limited overlap.
Price Impact
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