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Western Union Acquires Intermex for $500 Million
ByAinvest
Monday, Aug 11, 2025 5:56 am ET1min read
Western Union has agreed to acquire International Money Express for approximately $500 million. The deal aims to expand Western Union's services and reach in the financial services industry. The acquisition comes as Western Union faces growth challenges due to competition and macroeconomic hurdles.
Western Union has announced its intention to acquire International Money Express, Inc. (Intermex) in a cash transaction valued at approximately $500 million. The acquisition aims to bolster Western Union's retail presence and operating model in North America, while expanding Intermex's footprint beyond its historically high-growth Latin American corridors [1].Under the terms of the agreement, Western Union will pay $16.00 per share for Intermex, representing a total equity and enterprise value of approximately $500 million. This acquisition is expected to strengthen Western Union's U.S. retail platform, enhance its market coverage in high-potential geographies, and accelerate digital new customer acquisition [1].
The acquisition is anticipated to generate $30 million in annual run-rate cost synergies within 24 months, with potential further upside from revenue synergies through broader distribution and product offerings. The transaction is expected to be immediately accretive to Western Union's adjusted EPS by more than $0.10 in the first full year post-close [1].
Devin McGranahan, President and CEO of Western Union, stated, "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." Bob Lisy, Chairman and CEO of Intermex, added, "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" [1].
The acquisition is subject to customary closing conditions and regulatory approvals, including clearance under the Hart-Scott-Rodino Act and approvals from financial regulators. The transaction is expected to close in mid-2026 [1].
References:
[1] https://ir.westernunion.com/news/archived-press-releases/press-release-details/2025/Western-Union-to-Acquire-International-Money-Express-Inc-/default.aspx
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