Allen Jones, CEO of Check Into CashCheck Into Cash, the Cleveland, Tenn.-based payday loan business, has made its first foreign acquisition and bought a 16-store financial services chain in the United Kingdom.
“It’s a very good set of stores,” said Steve Scoggins, Check Into Cash president, about Cash and Cheque Express.
Scoggins said Check Into Cash, founded by Cleveland businessman Allan Jones, will continue to look at acquisitions in other countries as there’s high demand for its services.
“We’ll continue to look at further opportunities globally,” Scoggins said.
Check Into Cash spokesman Toby Pendergrass said the acquisition price wasn’t disclosed.