The Western Union Company (NYSE:WU) and International Money Express, Inc. (Intermex) (NASDAQ:IMXI) have entered into a definitive agreement under which Western Union will acquire Intermex in an all-cash transaction at $16.00 per IMXI share, representing a total equity and enterprise value of approximately $500 million.

This acquisition strengthens Western Union’s retail offering in the U.S., expands market coverage in high potential geographies, and is expected to accelerate digital new customer acquisition. Intermex’s deep market knowledge, strong agent relationships, and operational expertise further positions Western Union to capture growth in the Americas.

“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. “Intermex has built a well-recognized brand, as well as strong agent and customer relationships. Together, we will expand our retail footprint, unlock operational efficiencies, and accelerate digital engagement.”

“This agreement represents an exciting opportunity to provide Intermex’s shareholders with significant and certain value, accelerating our omni-channel strategy, while continuing to deliver for our customers” said Bob Lisy, Chairman and CEO of Intermex. “This combination with Western Union brings together two complementary businesses that are well positioned to drive growth across North America.”

The acquisition is expected to be immediately accretive to Western Union’s adjusted EPS by more than $0.10 in the first full year post close and to generate approximately $30 million in annual run-rate cost synergies within the first 24 months, with potential further upside from revenue synergies by integrating Intermex’s capabilities into Western Union’s partner and customer network.

The transaction has been unanimously approved by Western Union’s Board of Directors. Intermex’s Board of Directors – acting on the unanimous recommendation of its independent Strategic Alternatives Committee – has also unanimously approved the transaction and recommends that Intermex stockholders vote in favor of the merger.

The transaction, expected to close in mid-2026, 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.

Following completion, the companies expect to implement a coordinated integration plan designed to provide a smooth transition for all customers, agents, and partners.