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