The Western Union Company (WU) entered a merger agreement on August 10, 2025, to acquire International Money Express, Inc. (IMXI) in an all-cash deal valued at $500 million.
Western Union will acquire Intermex for $16 per share in cash, representing a 72.41% premium from the stock’s last close.
International Money Express (Intermex) is a Miami-based remittance services provider that enables consumers to send money from North America and Europe to over 60 countries, offering transfers through agent networks, company-operated stores, digital platforms, and mobile apps.
Western Union is a Denver-based global leader in cross-border money movement and payment services, enabling consumers, businesses, and institutions in over 200 countries and territories to transfer funds through retail, digital, and mobile channels.
This deal offers Western Union an opportunity to acquire a well-positioned remittance business, expanding its scale in high-growth Latin American markets.
Western Union expects the acquisition to increase its adjusted earnings per share by more than $0.10 in the first full year after closing and to save about $30 million a year in costs within two years.
The deal is expected to close in mid-2026.
Intermex was advised on the deal by Financial Technology Partners and Lazard Frères, with legal counsel from Holland & Knight and Cravath, Swaine & Moore. Western Union was advised by PJT Partners, with Sidley Austin serving as legal counsel.
The acquisition price set by Western Union is 3.87 times the EBITDA of Intermex.
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Editor’s Note: Baranjot Kaur contributed to this article