Western Union - M&A Summary and Business Overview

Financial ServicesCompany

Western Union M&A Summary

Western Union has acquired 4 companies. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Western Union’s largest acquisition to date was in 2011, when it acquired Travelex Global Business Payments for $933M. It’s largest disclosed sale occurred in 2021, when it sold Convera to Goldfinch Partners for $910M. Western Union has acquired in 3 countries. The Company’s most targeted sectors include financial services (100%).

Western Union Business Overview

Where is Western Union headquartered?

Western Union is headquartered in Denver, Colorado.

What is Western Union’s revenue?

Western Union disclosed revenue of 4,476M USD for 2022 and 5,071M USD for 2021.

How many employees does Western Union have?

Western Union has 11,000 employees.

What sector is Western Union in?

Western Union is a financial services company.

When was Western Union founded?

Western Union was founded in 1851.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Western Union

The Western Union Co.

7001 East Belleview Avenue,
Denver, Colorado 80237
United States,
(720) 332-1000
www.westernunion.com

Western Union is a financial services company that provides people and businesses with fast, reliable and convenient ways to send money and make payments around the world. Western Union's consumer-to-consumer money transfer service enables people to send money around the world, usually within minutes. Western Union also provides consumers with flexible and convenient options for making one-time or recurring payments in our consumer-to-business segment. This segment consists of United States bill payments, Pago Fácil (bill payments in Argentina), and international bill payments. Western Union's business solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. Western Union was founded in 1851 and is based in Denver, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $1.3B $1.3B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $750M $910M $1.7B
  6

Most Recent M&A

Company Date Value Type
Convera 2021-08-04 910M USD Divestiture
Seattle, Washington · www.convera.com
Speedpay, Inc. 2019-05-09 750M USD Divestiture
, United States · www.speedpay.com
Travelex Global Business Payments 2011-07-05 933M GBP Divestiture
London, United Kingdom
Finint S.r.l. 2011-06-01 - Add-on Acquisition
Milan, Italy
Angelo Costa S.r.l. 2010-12-31 - Add-on Acquisition
Rome, Italy
Custom House Currency Exchange Ltd. 2009-09-01 370M USD Add-on Acquisition
Victoria, British Columbia · www.customhouse.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (100%) 1.3B (100%) 1 (50%) 910M (55%)
Information Technology - - 1 (50%) 750M (45%)
Total 4 $1.3B 2 $1.7B

By Geo

State/Country Buy Value Sell Value
Italy 2 - - -
United States - - 2 1.7B
  Washington - - 1 910M
Canada 1 370M - -
  British Columbia 1 370M - -
United Kingdom 1 933M - -
Domestic - - 2 (100%) 1.7B (100%)
Cross-border 4 (100%) 1.3B (100%) - -
Total 4 $1.3B 2 $1.7B

Top M&A Advisors

Financial Deals
Lazard Ltd.
 1
Morgan Stanley
 1
Centerview Partners
 1
Legal Deals
Freshfields
 1

Deal Values

buy # Total
$100M to $1B 2 $1.3B
TOTAL $1.3B
Largest Travelex Global Business Payments
$933M (2011-07-05)
sell # Total
$100M to $1B 2 $1.7B
TOTAL $1.7B
Largest Convera
$910M (2021-08-04)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Financial Services

Revenue

4,476   12% 2022
5,071   5% 2021
4,835   9% 2020
5,292   6% 2019
5,590   2% 2018
5,524   2% 2017
5,423   2% 2016
5,484   3% 2015
5,607   2% 2014
5,542   3% 2013
5,664   2012
(millions of USD) Show More Show Less

Employees

11,000

Established

1851

Public

NYSE: WU

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