M&A Deal Summary

Advance America Acquires Express Check Advance

On June 29, 2021, Advance America acquired financial services company Express Check Advance

Acquisition Highlights
  • This is Advance America’s 1st transaction in the Financial Services sector.
  • This is Advance America’s 1st transaction in the United States.
  • This is Advance America’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-06-29
Target Express Check Advance
Sector Financial Services
Buyer(s) Advance America
Deal Type Add-on Acquisition

Target

Express Check Advance

Chattanooga, Tennessee, United States
Express Check Advance in a leveraged recapitalization transaction. The company now operates payday advance lending branches in seven states. Express Check Advance is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Advance America

Spartanburg, South Carolina, United States
Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

Advance America is a provider of consumer financial services, with online lending and over 1,100 locations nationwide. Advance America was founded in 1997 and is based in Spartanburg, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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