EZCORP invests $30M in Founders to fund SMG's 52-store acquisition; buys Max Pawn luxury business

EZCORP INC

$15M preferred equity contribution and $15M loan to Founders One; SMG used proceeds plus debt to buy 52 La Familia pawn stores in Florida/Puerto Rico.
SMG now operates 73 pawn stores (42 Caribbean, 31 Florida) following the December 2, 2022 acquisition.
Acquired luxury pawn business Max Pawn in Las Vegas; former owner Michael Mack to lead new Luxury Pawn Division.
Transactions expand EZCORP's geographic footprint and add dedicated luxury pawn offerings.

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