|SMART Financial purchases three pawn store operating groups
SMART Financial purchases pawn stores
News Staff - March 2, 2017
UNDATED - SMART Financial, a Winter Park, Florida-based consumer financial services company, is pleased to announce that it has raised $125 million of financing from a group of investors. The investment financed SMART's acquisition of three pawn store operating groups: Canada-based Cash Canada, Arizona-based Pawn 1st, and North Dakota-based First National Pawn. SMART currently operates 36 pawn stores and has the financial resources to substantially expand its footprint through a combination of further acquisitions and de novo store openings.
SMART was found by John Thedford. He is joined by a team of experienced financial services and human resourcse professionals, who previously operated successful pawn stores throughout the United States.
Thedford recently noted during an interview that "We are excited to be a leader in the growing and dynmaic specialty finance sector of our economy. Our stores are dedicated to providing a great experience to our customers."