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CURO Group Holdings completed the acquisition of Ad Astra Recovery Services for $16m.

Synopsis

CURO Group Holdings, a technology enabled and diversified consumer finance company, completed the acquisition of Ad Astra Recovery Services, a debt collection agency in Wichita, Kansas, for $16m. "We are always looking for opportunities to drive greater efficiencies in our business and to ensure a seamless journey for our customers, including account servicing and recoveries. To that end, we are excited to buy Ad Astra, our third-party servicing and recovery provider in the US and to have their 81 employees join our team in Wichita, Kansas. We believe that together we can delivery improved recovery performance at a reduced cost," Don Gayhardt, CURO President and CEO.

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