Friday, April 23, 2021

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Brink’s Inc: Announced its acquisition of PAI Inc.

  • Brink’s, Incorporated the world’s premier provider of secure solutions including global transportation
  • PAI, Inc., the largest privately-held provider of ATM services in the U.S., for $213 million
  • PAI expected to generate revenue of approximately $320 million and adjusted EBITDA of approximately $30 million
  • The acquisition financed using available cash and the company’s existing credit facility
  • PAI offers a full range of managed services and tools for ATM owner-operators and PAI-owned ATMs
  • With PAI, Brink’s now offers total cash management solutions across the cash ecosystem

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