Dollar Expects $20M to $23M of Profit From Acquisition

Dollar Financial Group is expecting its newly purchased Dealers' Financial Services LLC unit to generate $20 million to $23 million of EBIDTA for the company in 2010, Dollar disclosed yesterday.

Dollar agreed to purchase DFS last October for about $118 million.

Additionally, Dollar said it an announcement yesterday that the DFS acquisition has been finalized.

As Dollar explains it, DFS, based in Lexington Kentucky, "provides fee-based services for military personnel who obtain auto loans in the United States made by a third-party national bank." Essentially, DFS brokers auto loans for members of the military to US Bank (see here). The company says it has brokered more than 75,000 loans.