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Lenexa-based QC Holdings Will Be Acquired in $115M Merger

A portfolio company of New York-based Prospect Capital Corporation will acquirer Lenexa-based QC Holdings, Inc. in a $115 million merger agreement. Photo credit: Shutterstock (David Gyung).

Posted April 21, 2025

Lenexa-based QC Holdings Inc. is to be acquired by the New York-based business development and lending company, Prospect Capital Corporation.

The two companies announced they will be entering into a definitive merger agreement where a portfolio company of Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million.

The transaction is expected to close in 40 to 60 days, according to a release. QC Holdings will remain headquartered in Lenexa. Darrin Andersen, president and CEO of QC Holdings, along with the company’s leadership team, will continue to work in their current roles post-merger.

“This Merger provides an excellent premium for our stockholders above our stock price,” Andersen said in a release. “Our access to greater capital through Prospect will position us for future growth and innovation, ensuring that we will continue to provide increased value to our customers.”

Upon completion of the transaction, QC Holdings’ (OTCPK: QCCO) common stock will no longer be listed on the OTC Pink Market.

Founded in 1984, QC Holdings co-founders Don Early and Mary Lou Andersen opened a rent-to-own store in the KCMO area. Now, the company operates the LendNation brand through more than 325 retail locations in 12 states. In Canada, QC Holdings offers loans through 19 retail locations and online.

Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.