Prospect Capital Corporation announced the closing of its acquisition of QC Holdings, Inc., a provider of consumer credit, on June 30, 2025. The acquisition was an all-cash transaction with a total enterprise value of approximately $115 million.
Upon completion, QC Holdings' common stock is no longer listed on a stock exchange, and it will operate as a portfolio company of Prospect, maintaining its headquarters in Lenexa, Kansas. The existing management team, led by Darrin Andersen, will continue in their current roles.
QC Holdings specializes in alternative financial services, offering short-term loans and financial services through its 'LendNation' brand across 325 retail locations in 12 U.S. states and 19 locations in Canada. This acquisition significantly expands Prospect's presence in the consumer finance market.
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