Western Union will acquire International Money Express (Intermex) for $16 per share in cash, valuing the deal at about $500 million.
The acquisition boosts Western Union’s retail presence in the U.S., expands its reach in Latin America, and aims to accelerate digital customer growth. Intermex’s expertise and market access are expected to support targeted expansion and operational expenses, with $30 million in annual cost savings anticipated within 24 months.
Both companies’ boards have unanimously approved the transaction, which is set to close in mid-2026 pending regulatory and shareholder approvals.
Advisors: PJT Partners is serving as the exclusive financial advisor and Sidley Austin as the legal advisor to Western Union. Financial Technology Partners is serving as financial advisor and Holland & Knight as legal advisor to Intermex. Lazard Frères is serving as financial advisor and Cravath, Swaine & Moore as legal advisor to Intermex’s Strategic Alternatives Committee.
KEY QUOTES:
“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. 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.”
Devin McGranahan, President and CEO of Western Union
“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. This combination with Western Union brings together two complementary businesses that are well positioned to drive growth across North America.”
Bob Lisy, Chairman and CEO of Intermex
