EZCORP Expands in Mexico with Auto Pawn Acquisition

EZCORP ( (EZPW) ) has shared an announcement.

EZCORP, Inc., a prominent pawn loan provider, is set to broaden its presence in the Mexican market with the acquisition of 53 pawn stores from Presta Dinero, operating under the brand “Auto Dinero.” This move taps into the growing auto pawn segment in Mexico and introduces a new customer base with high-value collateral. The deal, which will also see industry veteran Jorge Hernandez join EZCORP’s team, is expected to close by October 31, 2024, reinforcing the company’s strategic expansion and product diversification in Latin America.

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