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Highlights

  • FirstCash to acquire H&T Group plc for total equity value of approximately $394 million
  • Deal includes 650 pence per share cash offer and 11 pence final dividend
  • Acquisition creates largest publicly traded pawn platform across U.S., Latin America, and U.K.

FirstCash Holdings, Inc. (Nasdaq: FCFS) has announced a definitive agreement to acquire H&T Group plc, the leading pawn shop operator in the United Kingdom, in a transaction valued at approximately £297 million, or $394 million USD based on exchange rates as of May 13, 2025. The acquisition will be executed through a newly formed U.K. subsidiary, Chess Bidco Limited.

Under the terms of the deal, H&T shareholders will receive 650 pence in cash per share, along with an additional 11 pence per share final dividend payable on June 27, 2025. This marks FirstCash’s entry into the U.K. pawn market, expanding its presence beyond its current 3,000+ locations in the U.S. and Latin America.

The combined entity will become the largest publicly listed pawn business operating across North America, Latin America, and the United Kingdom. FirstCash expects that the expanded geographic footprint will support operational efficiencies and enable the company to tap into new revenue channels and customer bases in the U.K.

Rick Wessel, CEO and Vice-Chairman of FirstCash, stated that the acquisition reflects a strategic expansion into a high-potential international market. H&T’s established infrastructure and experienced management team were key drivers behind the transaction.

H&T CEO Chris Gillespie also emphasized the strategic fit between the two companies, noting their shared customer-focused values. Gillespie expressed confidence in H&T’s future under FirstCash’s ownership, citing alignment in operational philosophy and growth potential.

The acquisition is expected to close following regulatory approvals and customary closing conditions. FirstCash’s entry into the U.K. represents a notable consolidation in the global pawn industry and may indicate further cross-border activity in the sector as companies seek scale and geographic diversification. Investors will likely monitor integration progress and the impact of U.K. market performance on FirstCash’s broader financial results in future quarters.