Western Union has announced the acquisition of Intermex in an all-cash transaction valued at $500 million. This move will strengthen Western Union’s retail presence in the U.S. and expand market coverage in Latin America. The acquisition is expected to bring $30 million in annual cost synergies within 24 months and accelerate digital customer acquisition. The transaction is set to close in mid-2026, pending regulatory approvals. Advisors for the deal include PJT Partners and Sidley Austin LLP for Western Union, and Financial Technology Partners LP and Holland & Knight LLP for Intermex.

The acquisition will provide Intermex shareholders with significant value and enhance digital capabilities for customers. The transaction is expected to immediately boost Western Union’s adjusted EPS by over $0.10 in the first year. The deal, unanimously approved by both boards, aims to drive growth in North America and expand retail operations. The merger is set to be completed in mid-2026, subject to regulatory approval and shareholder vote.

The integration of Intermex into Western Union’s network is expected to bring additional revenue synergies through expanded distribution and product offerings. The combined entity will benefit from Intermex’s operational expertise and customer relationships. The acquisition reflects Western Union’s strategic move to strengthen its presence in North America and drive sustainable retail growth. The deal is projected to generate $30 million in annual run-rate cost synergies within 24 months.

Read more at GlobeNewswire.: Western Union to Acquire International Money Express, Inc.