Nicholas Financial Inc. (NASDAQ: NICK) has acquired a North Carolina credit group that will add more than 3,000 accounts and over $22 million in net receivables to its portfolio.
The terms of the acquisition of the ML Credit Group, a Kernersville, North Carolina, were not disclosed. Metrolina provides financing to consumers by direct loans and through retail installment sales contracts’ purchases originated by automobile dealers in North Carolina and South Carolina.
