M&A Deal Summary

Brink s Acquires PAI

On April 6, 2021, Brink s acquired business services company PAI from Further Global for 213M USD

Acquisition Highlights
  • This is Brink s’ 2nd transaction in the Business Services sector.
  • This is Brink s’ 3rd largest (disclosed) transaction.
  • This is Brink s’ 2nd transaction in the United States.
  • This is Brink s’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2021-04-06
Target PAI
Sector Business Services
Buyer(s) Brink s
Sellers(s) Further Global
Deal Type Add-on Acquisition
Deal Value 213M USD

Target

PAI

Louisville, Kentucky, United States
website
PAI is a provider of independent ATM deployments and portfolio management services. PAI delivers tools and services for ATM portfolio owners & operators, retailers, financial institutions, and independent operators/ISOs. PAI was founded in 2005 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Brink s

Richmond, Virginia, United States

website

Category Company
Founded 1859
Sector Safety/Security
Employees73,700
Revenue 3.7B USD (2020)
DESCRIPTION

Brink's is a provider of security related services for banks, financial institutions, mines, retailers, diamond and jewelry industries, pharmaceuticals and a variety of other commercial and governmental customers. Brink's was founded in 1859 and is based in Richmond, Virginia.

DEAL STATS #
Overall 7 of 8
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 6 of 7
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 G4S - Cash Operations

London, United Kingdom

G4S plc's Cash Operations comprises 14 markets that provide payment solutions.

Buy $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Notemachine

Powys, United Kingdom

Notemachine is an Independent ATM operator with over 9,000 cash machines throughout the UK. NoteMachine uses its own cash center, engineering, and processing infrastructure to provide an end-to-end solution for independent retailers, national accounts, and financial institutions. Notemachine is based in Powys, United Kingdom.

Buy $179M

Seller(S) 1

SELLER

Further Global

website

Category Private Equity Firm
Founded 2017
Size Large
Type Sector Focused
DESCRIPTION

Further Global Capital Management is a private equity firm firm focused on the financial services sector. The Firm looks to commit $75 to $200 million to support a variety of investment situations including growth capital needs, management led buyouts, ownership transitions, divestitures, sponsor sales, distress recapitalizations, and buy-and-builds. Further Global Capital Management was established in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-15 Coaction

Morristown, New Jersey, United States

Coaction is a property and casualty insurance company that designs unique insurance solutions to help customers improve their business and realize value from their insurance purchasing decision. Coaction was founded in 2009 and is based in Morristown, New Jersey.

Buy $586M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-31 Progeny

Leeds, United Kingdom

Progeny provides a platform for independent financial planning, asset management, tax, HR and private and corporate legal services. Progeny was founded in 2016 and is based in Leeds, England.

Buy -
Mergr

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