Western Union to Purchase International Money Express, Inc.
Western Union, a leading global provider of money transfer services, has announced its acquisition of International Money Express, Inc. (IMXI) in a deal valued at approximately $500 million. The transaction, expected to close by mid-2026, aims to strengthen Western Union's presence in North America and Latin America, accelerate digital customer growth, and capture operational efficiencies in a competitive remittance market.
The acquisition of IMXI brings together two complementary businesses well-positioned to drive growth across North America. The deal enhances Western Union's retail presence in the U.S. and broadens its footprint in Latin America, high-potential geographies for money transfers and remittances. Intermex’s established brand, strong agent networks, and deep market expertise in these regions complement Western Union’s own capabilities.
The combination of the two companies is expected to accelerate digital customer acquisition. UMXI's digital platforms and customer base, when integrated with Western Union’s infrastructure, aim to boost growth in digital remittance services, speeding up the adoption of digital channels among customers.
Western Union projects about $30 million in annual cost synergies within two years of closing, leveraging the integration of complementary operations to enhance efficiency. The acquisition is expected to increase Western Union’s adjusted earnings per share by more than $0.10 in the first full year post-close, reflecting accretive financial benefits.
The acquisition helps Western Union better compete with fintech disruptors and blockchain platforms by blending physical agent networks with digital channels across a large customer base (including roughly 6 million North American customers and 1,500 agents), allowing it to more effectively serve key consumer segments and corridors.
The transaction is subject to customary closing conditions and regulatory approvals, including clearance under the Hart-Scott-Rodino Act and approvals from financial regulators, as well as approval by Intermex's stockholders. The deal is an all-cash transaction at $16.00 per IMXI share, representing a roughly 50% premium to Intermex's 90-day volume-weighted average price.
Intermex's deep market knowledge, strong agent relationships, and operational expertise further position Western Union to capture growth in the Americas. The transaction has been unanimously approved by Western Union's Board of Directors, and Intermex's Board of Directors has also unanimously approved the transaction and recommends that Intermex stockholders vote in favor of the merger.
There is potential for additional revenue synergies through broader distribution and product offerings. The acquisition is expected to generate approximately $30 million in annual run-rate cost synergies within the first 24 months. The transaction is expected to close in mid-2026, strengthening Western Union's retail offering in the U.S. and expanding market coverage in high-potential geographies.
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