Western Union to Acquire International Money Express

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08/10/2025 – 07:10 PM

Strategic acquisition strengthens North America retail presence and operating model, expands Intermex beyond its historically high growth Latin America corridors, and is expected to accelerate digital new customer acquisition

DENVER & MIAMI–(BUSINESS WIRE)–
In a move signaling a strategic shift in the money transfer landscape, Western Union (NYSE: WU) and International Money Express, Inc. (NASDAQ: IMXI), known as Intermex, announced today a definitive agreement for Western Union to acquire Intermex. The all-cash deal is valued at $16.00 per IMXI share, translating to an equity and enterprise value of approximately $500 million.

The acquisition, according to Western Union, is designed to fortify its U.S. retail presence, penetrate high-growth geographical markets, and expedite the rate of new digital customer acquisition. Intermex brings a wealth of market intelligence, robust agent relationships, and operational prowess, positioning Western Union to capitalize on growth opportunities across the Americas.

“This acquisition represents a disciplined, strategic play, bolstering our North American operations and broadening our reach within crucial consumer segments across the U.S.,” stated Devin McGranahan, President and CEO of Western Union. “Intermex has cultivated a recognizable brand coupled with solid relationships with both agents and customers. Working together, we aim to expand our retail footprint, unlock operational efficiencies, and enhance digital engagement.”

Echoing this sentiment, Bob Lisy, Chairman and CEO of Intermex, noted, “This agreement presents an exciting avenue to deliver significant value to Intermex’s shareholders, accelerate our omni-channel strategy, while enhancing services for our customers. The fusion with Western Union combines two complementary businesses poised for growth across North America.”

Strategic Rationale: A Deep Dive

Strategic Alignment
- Western Union seizes a prime opportunity to acquire a well-established remittance player, boosting scale in historically high-growth Latin American markets.
- Access to Intermex’s 6 million-strong customer base presents an opportunity to offer Western Union’s advanced, and expansive, digital platforms.
Strengthened U.S. Retail Platform
- Expansion and increased stability of Western Union’s U.S. retail network, enhancing resilience and boosting customer accessibility throughout the Americas.
- Intermex’s operational and cultural insights, developed over decades, offer a path towards targeted and sustainable retail growth.
Synergy Potential
- Anticipation of $30 million in annual run-rate cost synergies within 24 months.
- Broader distribution and product offerings pave the way for additional revenue synergies, ultimately enhancing speed, reliability, and customer satisfaction.

Transaction Deconstructed:

The agreement stipulates that Western Union will acquire Intermex for $16.00 per share in cash, totaling approximately $500 million in equity and enterprise value. This equates to a premium of nearly 50% over Intermex’s 90-day volume-weighted average price.

The acquisition is expected to be immediately accretive to Western Union’s adjusted EPS by over $0.10 in the first full year post-closing and to deliver approximately $30 million in annual run-rate cost synergies within the first 24 months. Further revenue synergies could materialize by integrating Intermex’s capabilities into Western Union’s expansive partner and customer network.

The deal has received unanimous approval from Western Union’s Board of Directors. Similarly, Intermex’s Board of Directors, acting on the counsel of its independent Strategic Alternatives Committee, has unanimously approved the transaction and encourages Intermex stockholders to vote in favor of the merger.

The deal, projected to close in mid-2026, remains subject to customary closing conditions and regulatory approvals. This includes clearance under the Hart-Scott-Rodino Act, approvals from financial regulators, and the blessing of Intermex’s stockholders. Following completion, the companies plan a coordinated integration to ensure a seamless transition for customers, agents, and partners.

Advisors:

Western Union tapped PJT Partners as exclusive financial advisor and Sidley Austin LLP as legal advisor.

Intermex enlisted Financial Technology Partners LP as financial advisor and Holland & Knight LLP as legal advisor.

Lazard Frères & Co. LLC is serving as financial advisor and Cravath, Swaine & Moore LLP as legal advisor to Intermex’s Strategic Alternatives Committee.

Western Union Conference Call:

Western Union hosted a conference call and webcast on Monday, August 11, 2025.

The webcast is available at https://ir.westernunion.com.

About Western Union

The Western Union Company (NYSE: WU) facilitates cross-border, cross-currency money movement and payments across more than 200 countries and territories.

About Intermex

Founded in 1994, Intermex employs proprietary technology to enable money transfers from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to over 60 countries.

Safe Harbor Compliance Statement for Forward-Looking Statements

This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict.

Additional Information and Where to Find It

This communication relates to a proposed acquisition (the “Transaction”) of International Money Express, Inc. (“Intermex”) by The Western Union Company (“Western Union”).

In connection with the proposed transaction between Intermex and Western Union, Intermex will file with the Securities and Exchange Commission (the “SEC”) a proxy statement (the “Proxy Statement”), the definitive version of which will be sent or provided to Intermex stockholders. Intermex may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which Intermex may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.

Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed with the SEC or will be filed with the SEC by Intermex (when they become available) through the website maintained by the SEC at http://www.sec.gov or from Intermex at its website, www.Intermexonline.com.

Participants in the Solicitation

Intermex, and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Intermex in connection with the Transaction under the rules of the SEC.

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Western Union to Acquire International Money Express