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News  ›  GlobeNewswire Inc.

EZCORP Acquires Controlling Interest in Founders One, LLC, Expanding Its Footprint by 105 Pawn Stores Across 12 Countries

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
EZCORP Acquires Controlling Interest in Founders One, LLC, Expanding Its Footprint by 105 Pawn Stores Across 12 Countries

EZCORP announced the acquisition of a controlling interest in Founders One, LLC, which operates 105 pawn stores under brands like 'La Familia Pawn and Jewelry' and 'CashWiz' across the U.S. and 11 additional countries. The transaction closed on January 2, 2026, with EZCORP converting $45 million in preferred equity and $10 million in notes receivable to common equity, plus contributing $9.4 million in cash. EZCORP now owns 87.7% of Founders and will consolidate its financial results, bringing the company's total store count to 1,488 across 16 countries. Founders generated $147 million in revenue and $79 million in gross profit for fiscal 2024.

Insights
EZPW   positive

The acquisition significantly expands EZCORP's footprint by 105 stores across 12 countries, increases geographic presence in attractive markets (Florida, Puerto Rico), provides immediate earnings accretion, and demonstrates successful execution of growth strategy. The company's total store count increases to 1,488, and Founders' strong financial performance ($147M revenue, $79M gross profit in FY2024) supports positive outlook.