Strategic acquisition strengthens North America retail presence and operating model, expands Intermex beyond its historically high growth Latin America corridors, and is expected to accelerate digital new customer acquisition
The Western Union Company and International Money Express, Inc. (“Intermex”) today announced they have entered into a definitive agreement under which „Western Union will acquire Intermex in an all-cash transaction at $16.00 per IMXI share, representing a total equity and enterprise value of approximately $500 million” – according to the press release. This reflects a roughly 50% premium to its 90-day volume-weighted average price.
„This acquisition strengthens Western Union’s retail offering in the U.S., expands market coverage in high potential geographies, and is expected to accelerate digital new customer acquisition. Intermex’s deep market knowledge, strong agent relationships, and operational expertise further positions Western Union to capture growth in the Americas.” – the company said.
“This acquisition is a disciplined, strategic step that strengthens our North America operations and expands our presence with key consumer segments across the U.S.” said Devin McGranahan, President and CEO of Western Union. “Intermex has built a well-recognized brand, as well as strong agent and customer relationships. Together, we will expand our retail footprint, unlock operational efficiencies, and accelerate digital engagement.”
“This agreement represents an exciting opportunity to provide Intermex’s shareholders with significant and certain value, accelerating our omni-channel strategy, while continuing to deliver for our customers” said Bob Lisy, Chairman and CEO of Intermex. “This combination with Western Union brings together two complementary businesses that are well positioned to drive growth across North America.”
Strategic Rationale and Benefits
Strategic Alignment – Unique opportunity for Western Union to acquire a well-positioned remittance business, adding scale in historically high-growth Latin America geographies; opportunity to serve Intermex’s 6 million customers, giving them access to Western Union digital platforms and capabilities.
Strengthened U.S. Retail Platform – Expands and stabilizes Western Union’s U.S. retail footprint, enhancing resilience and improving customer access across the Americas; creates an opportunity to leverage Intermex’s decades of operational and cultural expertise to drive targeted, sustainable retail growth.
Meaningful Synergy Potential – Expect $30 million in annual run-rate cost synergies within 24 months; potential for additional revenue synergies through broader distribution and product offerings, enhancing speed, reliability, and customer value.
The acquisition is expected to be immediately accretive to Western Union’s adjusted EPS by more than $0.10 in the first full year post close and to generate approximately $30 million in annual run-rate cost synergies within the first 24 months, with potential further upside from revenue synergies by integrating Intermex’s capabilities into Western Union’s partner and customer network.
The transaction, expected to close in mid-2026, is subject to customary closing conditions and regulatory approvals.
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The Western Union Company leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations.
Founded in 1994, Intermex applies proprietary technology enabling consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom and Germany to more than 60 countries. The Company provides the digital movement of money through a network of agent retailers in the United States, Canada, Spain, Italy, the United Kingdom and Germany; Company-operated stores; our mobile apps; and the Company’s websites. Transactions are fulfilled and paid through thousands of retail and bank locations around the world. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, London, England, and Madrid, Spain.
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