FirstCash to acquire H&T Group for $394m.

FirstCash, a international operator of over 3k retail pawn stores in the US and Latin America, agreed to acquire H&T Group, an operator of pawn stores in the United Kingdom, for $394m. “The acquisition has a compelling strategic rationale, bringing together two businesses with complementary offerings focused on the values and benefits of their customers. I am extremely proud of H&T, we have built a fantastic team and highly attractive business, and FirstCash’s offer is a clear acknowledgment of this. It's clear to us that FirstCash has full appreciation of our capabilities, the dedication of our employees, commitment to the customer and with their backing and support, I am confident H&T will have an extremely bright future," Chris Gillespie, H&T Chief Executive Officer.