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.
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.
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