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Prospect Capital Corporation announced its has closed the acquisition of Lenexa-based QC Holdings, Inc. Photo credit: Shutterstock (David Gyung).
Posted July 2, 2025
Lenexa-based QC Holdings, Inc. has been acquired by New York-based Prospect Capital Corporation in a deal valued at approximately $115 million.
The acquisition officially closed on June 30 in an all-cash transaction for $2 per share. QC Holdings will now operate as a portfolio company of Prospect and will remain headquartered in Lenexa. QC Holdings previously announced it would be acquired by Prospect in a definitive merger agreement in April.
QC Holdings management, including president and CEO Darrin Andersen, will continue to lead the company in their current roles, according to a release.
Founded in 1984, QC Holdings co-founders Don Early and Mary Lou Andersen opened a rent-to-own store in the KCMO area. QC Holdings 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.
Stinson LLP served as legal advisor to QC Holdings, and Blank Rome LLP served as legal advisor to Prospect.
