DGSE Companies Wants to Buy 27-Store Pawnshop Chain

DGSE Companies announced it has generated a nonbinding letter of intent to buy National Pawn, a 27-store pawnshop chain.

No definitive agreement has been reached, a statement cautioned. The statement did not include a price for the possible acquisition.

If an agreement is reached, the acquisition will likely close in the third quarter.

Austin, Texas–based National Pawn was founded in 1993 and has stores in Arizona, North Carolina, Oklahoma, and Texas.

In April, DGSE also issued a nonbinding letter of intent to acquire certain assets of Elemetal Recycling, LLC from Elemetal, LLC. This transaction is progressing well, DGSE said.

It also expects to divest its wholesale watch division, Fairchild International, and associated website, fairchildwatches.com.

(Image from Yelp)

JCK News Director

2 responses to “DGSE Companies Wants to Buy 27-Store Pawnshop Chain”

  1. Secondary market is where it’s at with retail circling the drain in so many venues. What is very difficult for a corporate in the field is the necessity of hands-on day to day operation, not a corporate strong suit, bad for them, good for the independents who have found a niche to avoid the walmartization of their market…with nearly forty years in the high-end secondary business I know that the landscape is littered with failed attempts.

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