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Cash America Expands its Texas Presence

By   /   June 28, 2013  /   No Comments

Cash America has acquired a 41-store chain of pawn shops primarily under the name of Top Dollar Pawn and owned by TDP Superstores Corp.  President and CEO of Cash America said, “We are excited about this opportunity to further expand Cash America’s pawn lending business in the State of Texas. This group of 41 stores allows us to grow our presence in many of the key markets in Texas where licensing restrictions exist. We are thrilled to bring Top Dollar Pawn’s group of well established pawn locations and talented personnel into the Cash America team.”   The estimated purchase price of the Top Dollar acquisition I s$102.5 million to be paid in cash.  Top Dollar locations offer pawn lending and related services.  The company has been in operation since the mid 1990’s and had approximately $14.6 million in pawn loan balances.  Cash America currently operates 257 of its 828 locations in Texas.

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