FirstCash completes acquisition of H&T, enters European market.

• FirstCash completes acquisition of H&T Group, UK's largest pawn store operator. • Enters European market with 286 locations, expanding to over 3,300 retail pawn locations. • Annualized pro forma revenues approach $4 billion. • CEO Rick Wessel calls the transaction a "significant milestone" for the company.

FirstCash Holdings, Inc. (Nasdaq: FCFS), the leading international operator of pawn stores, has completed its acquisition of H&T Group plc, the largest pawn store operator in the United Kingdom. The acquisition, announced on August 14, 2025, adds 286 locations to FirstCash's portfolio, expanding its global presence to over 3,300 retail pawn locations [1].

The acquisition, valued at £289 million ($383 million) in cash and £64 million ($85 million) in assumed debt, marks a significant milestone for FirstCash. The company now operates in the U.S., Latin America, and the United Kingdom, with annualized pro forma revenues approaching $4 billion [1]. CEO Rick Wessel described the transaction as a "significant milestone" for the company, highlighting its alignment with FirstCash's mission to expand its pawn operations and deliver exceptional value to customers and shareholders [1].

The strategic combination with H&T is expected to be immediately accretive to earnings, with FirstCash anticipating earnings per share accretion for the balance of 2025 to be in a range of $0.20 to $0.25 per share [1]. The acquisition is also expected to benefit from operating synergies, including H&T's public company costs and advantages of increased scale.

H&T's full-year 2025 stand-alone financial metrics are expected to generate revenue of $315 to $340 million and EBITDA of $60 to $65 million [1]. The integration of H&T is expected to provide a platform for further international expansion, with the combined companies poised to continue growing their pawn operations in the U.K. and other markets.

The acquisition was funded using FirstCash's long-term revolving bank credit facility, ensuring ample availability to support the transaction [1]. The company believes that H&T's market-leading position in the U.K. provides premier access to an attractive market, supported by a seasoned management and operations team with the ability to further expand H&T's operating footprint through store openings and acquisitions.

The integration of H&T into FirstCash's portfolio is expected to have a positive impact on the company's financial performance, with approximately 85% of future earnings expected to come from its pawn segments in the U.S., Latin America, and the U.K. [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133370/0/en/FirstCash-Completes-Acquisition-of-H-T-Group-Combination-Establishes-FirstCash-as-U-K-s-Leading-Pawnbroker-Now-Operates-over-3-300-Retail-Pawn-Locations-in-the-U-S-Latin-America-an.html