#Brinks security company pro#

The remaining closings are expected to be completed before Decembased on the estimated timing required to obtain necessary licenses and other approvals. The acquisition will be completed in multiple phases, with more than half of the enterprise value expected to close within 60 days. We look forward to closing the transaction, executing our strategic initiatives, and driving substantial revenue and profit growth.” It positions us to extend our proven Strategy 1.0 organic revenue and operating profit growth initiatives into 14 new markets including cash-intensive, emerging growth markets in Asia and Eastern Europe.“In addition, our expanded global footprint is expected to provide new avenues for accelerated growth as we begin to execute our Strategy 2.0 initiatives, targeted to further penetrate the global cash ecosystem with new high-margin, less capital-intensive solutions. The acquisition of these select G4S cash operations is an excellent strategic fit that provides a strong platform for substantial growth.

#Brinks security company pro#

On a fully-synergized pro forma basis, Brink’s 2020 revenue would be approximately $4.6 billion with adjusted EBITDA of approximately $745 million.ĭoug Pertz, president and chief executive officer of Brink’s, said: “This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation. Management expects to achieve cost-based synergies over the next two years that would result in a post-synergy purchase multiple of approximately 6.5 times. The acquisition is expected to be accretive to non-GAAP earnings in 2020 and reflects a purchase multiple of approximately 7.5 times 2019 pro forma adjusted EBITDA. It excludes the entire G4S Retail Cash Solutions business and cash operations in the U.K., South Africa and several smaller markets. The transaction adds 14 new markets to the existing Brink’s footprint. The G4S operations to be acquired generated pro forma 2019 revenue of approximately $800 million, operating profit of approximately $85 million and adjusted EBITDA of approximately $115 million.