M&A Deal Summary

Brink s Acquires PAI

On April 6, 2021, Brink s acquired business services company PAI from Further Global Capital Management 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 Capital Management
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
SectorSafety/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 7
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 3 of 6
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

Seller(S) 1

SELLER

Further Global Capital Management

website


Category Private Equity Firm
Founded 2017
SizeLarge
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 ProSight Specialty

Morristown, New Jersey, United States

ProSight Specialty 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. ProSight Specialty was founded in 2009 and is based in Morristown, New Jersey.

Buy $586M