Western Union announced it has agreed to acquire International Money Express (Intermex) in an all-cash deal valued at approximately $500 million, aiming to bolster its North American retail presence and expand into high-growth Latin American corridors.
Western Union to Buy International Money Express in $500 Million Deal
Under the terms, Western Union will pay $16 per Intermex share, representing a premium of around 50% to its 90-day volume-weighted average price.
The transaction, unanimously approved by both companies’ boards, is expected to close by mid-2026 subject to shareholder and regulatory approvals.
Western Union said the acquisition would strengthen its U.S. retail platform, enhance resilience, and improve access for customers across the Americas.
Intermex’s operational expertise, strong agent network, and established brand are expected to accelerate Western Union’s digital customer acquisition.
“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 chief executive Bob Lisy described the deal as an “exciting opportunity” for shareholders, while enhancing the combined group’s omni-channel strategy.
The companies anticipate $30 million in annual run-rate cost synergies within two years, alongside potential revenue synergies from integrating products and distribution channels.
The deal is forecast to be immediately accretive to Western Union’s adjusted earnings per share by more than $0.10 in its first full year.
PJT Partners advised Western Union, while Financial Technology Partners and Lazard acted for Intermex and its Strategic Alternatives Committee.
