Western Union to acquire Intermex for $500 million in all-cash deal

DENVER/MIAMI - Western Union Company (NYSE:WU) announced Sunday it will acquire International Money Express, Inc. (NASDAQ:IMXI) in an all-cash transaction valued at approximately $500 million, representing $16.00 per Intermex share. The offer represents a significant premium to IMXI’s current market capitalization of $278 million and current trading price of $9.28. According to InvestingPro data, IMXI has maintained strong financial health with a current ratio of 1.75.

The acquisition, which is expected to close in mid-2026 subject to regulatory approvals and Intermex stockholder approval, aims to strengthen Western Union’s retail presence in North America and expand its market coverage in Latin America corridors.

The deal represents a roughly 50% premium to Intermex’s 90-day volume-weighted average share price, according to the press release statement.

Western Union expects the acquisition to be immediately accretive to its adjusted earnings per share by more than $0.10 in the first full year after closing. The company anticipates approximately $30 million in annual run-rate cost synergies within the first 24 months following completion. IMXI brings strong fundamentals to the deal, with InvestingPro showing last twelve months revenue of $652.5 million and a healthy gross profit margin of 34%.

"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.

The transaction will give Western Union access to Intermex’s 6 million customers and expand its retail footprint across the Americas. Intermex operates in the United States, Canada, Spain, Italy, the United Kingdom, and Germany, with money transfer services to more than 60 countries.

Both companies’ boards have unanimously approved the transaction. Intermex’s board recommends stockholders vote in favor of the merger.

Western Union will host a conference call and webcast on Monday, August 11, 2025, at 8:30 a.m. ET to discuss the transaction.

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