M&A Deal Summary

Dollar Financial Group Acquires Dealers Financial Services

On October 28, 2009, Dollar Financial Group acquired financial services company Dealers Financial Services from Southfield Capital for 118M USD

Acquisition Highlights
  • This is Dollar Financial Group’s 1st transaction in the Financial Services sector.
  • This is Dollar Financial Group’s largest (disclosed) transaction.
  • This is Dollar Financial Group’s 1st transaction in the United States.
  • This is Dollar Financial Group’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2009-10-28
Target Dealers Financial Services
Sector Financial Services
Buyer(s) Dollar Financial Group
Sellers(s) Southfield Capital
Deal Type Add-on Acquisition
Deal Value 118M USD

Target

Dealers Financial Services

Lexington, Kentucky, United States
Dealers’ Financial Services (DFS) is the leading independent sub-prime automobile loan provider to the United States Military service member market. The Company’s loan program, “MILES” (Military Loan and Education Services), combines a comprehensive and fairly restrictive lending program with lower-than-market-cost warranty and insurance policies, as well as a mandatory credit education course with credit counseling for all service member customers enrolled. Founded by two leaders in the automobile retail industry with a combined 90 years of experience, the program is designed to give military personnel who have poor or no established credit access to quality automobiles and financing at a fair price, along with a basic education in financial budgeting and planning so they can establish credit and build for their futures.

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Buyer(S) 1

Buyer

Dollar Financial Group

Berwyn, Pennsylvania, United States
Category Company
Founded 1979
Sector Financial Services
DESCRIPTION

Dollar Financial Group, Inc. is a consumer financial services company operating over 400 stores in 13 states, in Canada and the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Southfield Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Southfield Capital is a private investment group focused on buying and building lower middle-market businesses headquartered throughout North America. The Firm prefers to control investment situations and looks to commit $20 to $60 million of equity in companies valued from $25 to $125 million. Target sectors include manufacturing, distribution and fulfillment, and specialty services. Southfield avoids investing in agriculture, mining, heavy construction, and hazardous materials. Prospective investment situations include buyouts, consolidations, recapitalizations, and growth financings. Southfield Capital is a successor company to the private investment firm Levison & Company and is based in Greenwich, Connecticut with additional offices in Alexandria, Virginia, and Louisville, Kentucky.

DEAL STATS #
Overall 2 of 9
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 8
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 RPS Composites

Mahone Bay, Nova Scotia, Canada

Founded in 1956, Reinforced Plastic Systems (RPS) is a leading North American company engaged in the manufacturing, installation, maintenance and repair of corrosion resistant fiberglass reinforced plastic (FRP) piping systems for the power, energy, mining, chemical processing, pharmaceutical, and pulp and paper markets. RPS operates seven custom FRP fabrication/manufacturing plants in North America located in Nova Scotia, Canada, New Brunswick, Canada, Alabama, Ohio, Pennsylvania, Utah and Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Hallcon

Chicago, Illinois, United States

Hallcon is a provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology, industrial companies, and other large employers seeking custom transportation solutions. Hallcon was founded in 1946 and is based in Chicago, Illinois.

Buy -
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