Western Union has announced plans to acquire Intermex, a U.S.-based payment transfer company with a strong focus on Latin America and the Caribbean, in a deal valued at approximately $500 million in cash.
Under the agreement, Western Union will pay $16 per share for Intermex — a price that marks a premium of more than 70% compared to Intermex’s last closing value of $9.28.
The acquisition is expected to immediately enhance Western Union’s position in one of its most strategically important markets. The company has identified Latin America as a region with “historically high growth,” and the addition of Intermex’s network is designed to deepen market penetration and broaden service capabilities across key corridors.
From a financial perspective, Western Union anticipates the transaction will increase adjusted earnings per share by over $0.10 in the first full year following completion.
For Intermex, the announcement comes amid a period of strategic change. In early 2025, the company confirmed it will stop issuing quarterly guidance, while also lowering its annual revenue and profit forecasts due to broader economic uncertainty.
If approved, the deal would not only expand Western Union’s customer reach but also bolster its competitive positioning against other major remittance providers in the Americas — at a time when cross-border payments are increasingly vital to regional economies.
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