Ace Cash Express Company Description
Ace Cash Express (ACE) takes care of bankless Americans. The company operates a leading chain of check-cashing stores, some under the name ACE Cash Advance, that provide services for people who are unable (or unwilling) to do business with commercial banks. For a fee, customers can cash checks, buy money orders, transfer money, set up pre-paid debit cards, and pay bills at nearly 1,600 ACE locations in almost 40 states and the District of Columbia. Nearly 15% of the locations are franchised. Its Ace Cash Advance (ACA) stores offer short-term payday loans. Senior management and private equity firm JLL Partners took ACE private in 2006 in an estimated $420 million deal.
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The Company Description provides a historical perspective of Ace Cash Express's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ace Cash Express's evolution in the marketplace.
